wheel - 6:07 pm on Jan 16, 2011 (gmt 0)
IIRC, there's some opensource projects going on right now as well. I think the idea is that you can setup a facebook-like community, independently. Then the communities can interact.
So I could set up a community like this for say engineers, and cater to them. Then buddy down the road sets up a community for grandparents. Our communities can interact and members can 'friend' each other, but I can tweak my instance to cater to engineers. Add in some competition to foster innovation, and this has some possibility of being a facebook killer.
If it does do that, there's a minimal possibility that the traffic could be monetized a bit better than facebook does.