I dont like the whole blog and news feed thing at all. However, it's not a big deal when compared to the fact that facebook is selling our information to 3rd parties. That, to me, is going too far.
Anywho, I've moved on from facebook and myspace account is going to be deleted soon (again!).
I actually like it. Am I alone in this? It's much easier to have all the information at a glance instead of clicking on people's profiles to see what they updated.