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Both Google and Facebook have a lot to offer in that, as an individual, I get something from them. I agree the key concerns is
1) how do you make it easy for me (don't make me keep inviting people, don't make me keep entering my bio, etc.)
2) what do you give me for my effort? In FB I get the benefit of social interaction, in Google I get really useful tools.
3) What's the "time to value" or "return on investment" for my participation.
Whatever happens with aggregation, I want to see it not just benefit the millions of "new" social networks that want to attempt their "me too" strategies but to also benefit the end user.
As an end user I want control of my own information, I want to say where I send it and how much of my data moves to each new context. If aggregation does not give me that it will cause me to go to the least common denominator with my information and that will make each of the contexts less rich and rewarding.
Jake