Overrated? Perhaps. The main contention I hear from people is that it’s a waste of time, or that it’s a stage for people to try and re-invent or portray themselves as something different. It can certainly go down that road, and turn people off, but I don’t see a problem with just using it to keep in touch with contacts.
think about it: keeping in touch with your contacts is like 5% of Facebook offers, but 99% of the people that says about it says exactly that… Since this option is offered by all the others my conclusion is that Facebook is 95% overrated… Soon people will move from Facebook to a new one (perhaps google+) and say they hate Facebook, then do the same over and over as new trendy social medias appear…
Here you are again peddling your foundation-less diarrhea of the mouth.
Other topic for an uninteresting read if others are bored:
http://ellislab.com/forums/viewthread/193331/P0/