Bill, I'm with you. I have accounts on Facebook and even on FriendFeed, but I only use them to syndicate my posts to the social networking platforms I do use: my blog, Twitter, and LinkedIn. Not passing judgment either–just using what works for me. And I also made fun of Twitter for months before using it. I still do on occasion. 
Bill, the value I see in FriendFeed is that it is an aggregator, a fuller and better on than say Facebook. I personally don't gain direct value from maintaining a FriendFeed account, but those that subscribe to my feed MIGHT from seeing e.g. my Tweets and Delicious bookmarks in one stream. And since it is no extra work for me…I keep the FriendFeed account alive to provide this potential benefit to others.
That said, I've not invested in following others on FriendFeed…as there are just so many different places I can engage in.
Bill, I see how FriendFeed could be useful as you can categorize people into different groups, such as industry, competitors, friends, etc. Since it aggregates those individual's online activities, it is an easy way to view everything in one place. With that said, it's not something that I've fully taken advantage of.
Rather, I find myself reading the email updates to get a snapshat of activities – this also goes for Facebook and LinkedIn. Where I differ is my use of Tweetdeck to stay on top of certain key searched throughout the day. It'll be interesting to see if Friendfeed can find somthing similar that may prompt me to use it more than I do.
Hi Bill,
To help me sort out this jungle, I look at social media tools in broad functional categories. Microblogging for knowledge sharing, blogging for creating content, file sharing for collaborating, aggregation for searching are the broad categories. Microblogging (in the form of Twitter and Yammer) are the hottest areas and now there is this huge information source that rivals blogs (rich but compact). (Google eyeing Twitter is not surprising and since FB could not acquire Twitter they simply Twitter'ed their home page:-))
Friendfeed appears to fall into the aggregator category and I have not been good at using it. Besides finding it a bit clumsy, I am trying to work the other way round i.e. use a single tool to publish to the social media platforms I am on. Bascially, keeping my online presence consistently updated — and enriching it. My latest experiment is with Ping.fm that covers many platforms — and I managed to integrate Twitter on my blog.
So: LinkedIn for my professional network and FB for social. Twitter (and Yammer) for knowledge sharing, Blogspot for blogging, Flickr for pictures and Google Docs for co-creating. That's quite a handful.
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