Sadly, it's not an April Fools Day joke. There's a lot of rightist venture capital behind Facebook too. (Hat Tip: The Peace Tree)
It's all pretty sobering.
This article from the Electronic Frontier Foundation shows how to hide your Friends list from the entire world.
However, Facebook may be revising its Privacy Policy to let websites that you go to have your Friends list and other personal information. They seem determined to force users to repeatedly opt out to protect their data, which suggests they really want to wear people down until they give up on any privacy at all.
I would still recommend using a pseudonym if you go on Facebook at all.
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