He gives some good advice, including putting a 3rd party in charge of evaluating privacy policies for Facebook. I LOVE that one.
Personally my advice would be for Facebook to work hard to ensure that their users are comfortable with their direction and to be more clear about what they’re doing. Zuck isn’t the slickest of speakers, perhaps they need a smoother person explaining things. But keeping their users happy should be job #1. People love what Facebook provides and should only grow if they focus on keeping the users happy.
Tell me what advice YOU’D give Facebook.