Electronic Frontier Foundation has a helpful article analyzing the changes, which FB is promoting as giving users more control over who has access to their data. While it's true that the new privacy settings interface is more convenient with respect to some kinds of information, FB is in fact eliminating many privacy options that used to be available. B.t.w., EFF recs that you NOT accept the privacy settings that FB recs.
More here.
(Pretty much all I post on FB is warnings about FB.)
UPDATE: Great NYT article here walks you through the settings to do what little you can to try to protect your privacy under the new FB regime.
December 13, 2009
Facebook's New Privacy Options
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