An iteration with huge improvement. Would you say if Google wouldn't have happened, we would be fine searching on Yahoo, Altavista and Lycos? And webmail would be fine and dandy with Yahoo Mail and Hotmail if there was no Gmail?
Personally I'm only on FB because my family insist on being there. The site is ugly confusing, I do not get any rewards from being there except that I, again, see my family's posts.
If my family was on whatever other social network, I'd be there.
So perhaps we should discuss how FB actually got luck and got people to sign up instead of praising some innovative web services.