Here's what I was going to reply to Phil Wainewright's post about Facebook on ZDNet, until I realised I had to register to comment...
"You read it here first? ;-)
http://enterknowl.blogspot.com/2007/07/mixed-feelings-about-social-networking.html
Actually, a lot more has happened since then.  It's not all negative, but there is clearly a move to lock-in / walled gardens, of which some of us are very suspicious.  But then again, the 'small pieces, loosely joined' idea is a bit arcane for some people, who probably prefer a structured package.  And, to be honest, Facebook does clever (and, to many, attractive) things within that structure.  "
I know a site that requires registration to post comments isn't a monopoly, but.... ;-)
 
 
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