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It's only 6 months since it's launch! I think that the over hyped apps will disappear over the next 6 months and the real winners will appear. Give it some time.
I think SocialAds is a much more important move. If those ads are really more targetted, Id imagine alot of people dropping adsense for SocialAds. This has far greater value than vampires & pirates and getting sheep thrown at you.
In the other hand, and from the way I see it. I am a developer who paid to get dedi servers to start applications on for example. I invested 30 days learning FBML, 14 days now writing my application (i'm a PRO coder) and after all i do deserve the chance to be an overnight rockstar. :D
PS> Chances are very low on getting popular i agree, its a tough market there and people are so moody picking up their facebook stuff. It's more a luck matter that all hype.