Markets that don't exist don't care how smart you are.
Perhaps this bodes well for the Diaspora team. The donations they've received indicates that there's a demand out there.
It just occurred to me, that an App could provide a seamless front for combined access to Facebook and whatever Diaspora comes up with. What are the barriers to social network aggregation?
We really think this is some of the best writing about startups on the web and deserved to be pulled out of the wayback machine and cleaned up a bit.
Hopefully it will be of help to you. Let me know if you have any ideas about how we could make it better.