yes. life is what you make of it, so facebook, as well as other social media and web products can be used how ever you want (or don't want) to use them.
i think it amplifies certain parts of peoples' personalities that may otherwise have been subdued if not completely dormant.
but it's a thing, and there is always something bombarding us. in the end we all have choices.
for cgbatch, i can see what you are saying on keeping up with people, but i simply prefer to interact in person. if you already know everything they are up to (down to their meals and the sizes of their dumps) then what really are you talking about in face-to-face conversation?
i agree with some of the earlier sentiment that all of these things lead to more cowardly individuals. how are we so bold online (i am anonymous here for instance) and yet so boring in real life? but really, i mean it, to each their own. i just would prefer human interaction to a glowing screen.