Not for me. There is already too much information available out there and Facebook just increased it. Regardless of the predictions, I don’t see it happening completely. Some will like millennials, but boomers are much more conservative. Also, a lot of youngsters don’t go to Facebook as their parents are on, enough reason to not put your life there.
I keep my professional life on Linkedin and my personal life on Facebook, family and real friends only. I like I assume others will keep it that way based on conversations I’ve had. I don’t want to have pictures of co-workers in compromising situations (guaranteed to happen) on my professional profile.
I can screw around a bit on Facebook, but even then I keep it tame as the world doesn’t need to know that much about me.