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It's good to open te debate though, because the whole web industry is getting really excited at the idea to use more personal datas to increase their ad dollars.
Should online networks ask their users if they agree to such actions, kind of like a democratic voting system?
As we move forward, Facebook and other social networking sites need to find a way to make sure that advertisements are not a bombardment, rather a compliment to the user experience. I think this is the only disadvantage to how everyone is getting so excited about Facebook, which is that the market is not mature enough yet - we don't know if social networking is the big thing to monetize, even though we can agree the premise is intriguing.
They have opened it up (albeit not completely so); I remember using the Google API for personal projects, years ago. But the Facebook stuff is only accessible within the context of Facebook.