My spin on it is more so positive. At least they still care about product and tackling very difficult questions. This is not some advertising backend optimization or yet another smartphone integration. The fact that most of the speculators missed this entirely is even better news. Facebook is still engineering and technology driven, and this is the hope that keeps all of this still very interesting with much to look forward to.
... Search is how a large portion of money is made on the internet. This is quite obviously a move to stop people from going to Google for some types of monetizable search queries (movies, music, local, etc).
