I actually think Facebook got the balance right. 400 characters (approx) of unformatted in the default status updates, and a notes function (which can optional

I actually think Facebook got the balance right. 400 characters (approx) of unformatted in the default status updates, and a notes function (which can optionally be configured to import an external web log) that needs to be accessed through a separate user interface. Facebook statuses are long enough that you can actually say something meaningful without allowing you to ramble on for too long.