Everyone's sad now? Everyone deluded, and down on the ground, whining and hammering with their hands on the floor? No need to, says Rob Jackson from Phandroid.
Facebook is about to set the marks for location-based social networking and shopping. Instead of pulling their own phone out of the hat, and get possibly attacked by every phone hardware company, they want to be on all of them. It's only logical. Facebook doesn't do hardware.
Check the extensive article on Phandroid. It's worth it, if you can keep your pulse below 160 and stop whining :)