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In that sense, the Social Graph API is taking on Facebook in the same manner as OpenSocial: Facebook vs. everyone else. And as with OpenSocial, its success will be measured by how many major players get on board.
People can't be bothered to complete meta-data.. and even if they could be bothered, the user generated annotation will be disjointed and rarely follow any standards.
So - I totally agree that with Tim O'Reilly - while this is one step closer, there's a long way to go before its social graph data is as useful as Facebook's social graph.
Paul Reilly
Founder of the Church of Facebookology
http://www.facebook.com/group.php?gid=5489961708
I also do not like the idea of Data Portability where my info could end up on a Social Network that I did not sign up for. I don't mind my Facebook or Linkedin friends having it but I don't want them spreading it over the Internet.