Certainly better than mySpace. Approximately ten trillion times better. From about every point of view. God I hate mySpace.
But it's (Facebook's) ultimately purpose grinds on me a little. I have no interest in being found by anyone except friends. You can use it just for friends but it screams "find new friends" in a way that makes me want to hide.
A big part of me would just rather not be on the web.
Weird for someone with a blog to say I suppose...