I was gonna blog about this new Facebook data collection feature, but why rehash a the same thoughts? From Michael Coates:
"The last thing to consider is facebook's track record on protecting data. How long will it be until advertisers find a way to pilfer this data from people? Or what about the next privacy setting overhaul which changes the defaults or makes it more difficult to control who sees your location data?"
And the vicious cycle begins again. I don't agree that it's all about advertisers (I'm an optimist here), but the wash-rinse-repeat cycle gets tiresome: (1) add new data collection feature (2) public outrage (3) respin privacy settings (4) repeat.