Will SocialStream be Google's Facebook Competitor?

This past weekend there was a lot of buzz around a Google research project called SocialStream. As expressed on the project page:

Socialstream is the result of a Google-sponsored capstone project in the Master’s program at Carnegie Mellon University’s Human-Computer Interaction Institute. This project was guided by three goals that built upon each other:

Initial Task: Rethink and reinvent online social networking

Refined Focus: Discover the user needs related to social networking and explore how a unified social network service can enhance their experience.

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