[ytilibitapmoc]

Actually jfornear, yes it is visionary. To think otherwise means you have only skimmed their material.

Based on their posts, they appear to be positioning themselves as a "Facebook Killer" solely to take advantage of the current backlash against Facebook (considering their current funding, I would say it's working). What they are attempting to create transcends anything we currently have; the closest you might come would be if you hosted a cryptographically secured peer-to-peer server only your friends could access (once you have that, now make it easily replicable and spread it across the net).