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Do you think Facebook has got to big to adopt a "if you cant beat them, then join them" attitude. Not that I am saying they are going to lose.
Would it be so bad for them to support this idea and be the top social network on the system.
You cannot call Microsoft a loser here. MS has been around for quite a long time to know how competitors attack. For one, the 1.6 percent stake cannot be extrapolated to be called a $15 billion valuation. MS has secured an advertising deal with Facebook.
Now, look at this advertising deal from the point of this news: http://www.techmeme.com/071030/p68#a071030p68
Facebook could be launching a Social ad network that can be even matching up with Adsense..Nobody can be sure how large that can go, but the blogosphere now calls it a $100 billion company!
That's not it..FB is also coming up with other things like Facebook Music, etc..(http://www.techcrunch.com/2007/10/31/more-facebook-music-rumors/)
So, I think merely launching OpenSocial is not going to get FB cowed down..All this being said, I am an open admirer of Google, and would love to see it win this battle!