This change has created GIANT ripples throughout the intertubes, causing Facebook to recoil and revert to their old TOS.  Even Mark Zuckerberg had to weigh in to try to calm the masses.  This of course didn’t work so well as people started leaving Facebook which prompted them to add this to the “Delete Your Account” Page:

Please don't leave, we're sorry! We promise not to do it again until you're not looking!

It’s still up in the air whether I’ll decide to leave myself.  It’s nice to be able to stay in contact with others but it’s not worth my information being used for uses I may not agree with.  Not to mention ANY pictures of me, including ones other people upload become the property of Facebook forever.  I’m still not sure how to prevent this, unless it’s already against current privacy or copyright laws.