Maybe its just me but isn't

Maybe its just me but isn't social networking just user generated content. So in Facebook me writing on a friends wall is user generated content by me. Me adding in photos and tagging or uploading a video is all just user generated content. Even the act of creating the vide can now been done inside of Facebook directly e.g in the mail message I understand your point and have had similar thoughts but would it not be better off being phrased as "Is the open web being replaced by the closed social silo." Right now the answer is yes but services like Plaxo 3.0 and Pulse as well as Spock, Google's recent support for Microformats and other initiatives hold out hope that the last 10 years of work on open standards was not all in vain only to be replaced by AOL 2.0 aka Facebook.

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