Facebook Search - Myth or Madness

"The web is swirling with conjecture that Facebook is going to roll out a search product to take Google on head on. Interestingly, this follows rumors that 'Google Me' was a new product launching to compete with Facebook. Some industry pundits believe that the search product�launch�is�imminent�and one that will differentiate itself by incorporating 'like button' recommendations and open graph technologies into the algorithm that displays the search results. Others think that the current on domain Facebook search implementation is so shoddy that Facebook will first fix that before moving onto something grander."

Facebook Search. Myth or Madness? - Going Social Now