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GaryK - 4:55 pm on Dec 9, 2009 (gmt 0)
Everything is defaulting to Everyone even if I had it set to Friends or Friends of Friends. For example, it's made my wall posts visible to everyone whereas before it was set to Networks and Friends. I really wish they'd focus on getting the incessant bugs and slowdowns fixed before adding new stuff, which always adds new bugs. However, I suppose overall this is a good change. I like the ease with which I can change the privacy settings for every status, photo, link, and so on. ADDED: Yep I was right about introducing new bugs. The first time I tried saving my new settings I was prompted to download the PHP-based confirmation page. Dismissed that dialogue, reloaded the page and this time the changes were saved.
I'm sure I do not like the new defaults FB suggests when I go through their new privacy wizard.