In a response to the incredible backlash over its changed privacy practices, a Facebook exec recently announced Facebook would be simplifying its privacy controls for users who prefer "simplistic bands of privacy that they can choose from."
There are no details on these proposed changes, but my feeling is that all users, both new and existing, will be able to choose between prepackaged privacy settings or an advanced set of completely customizable options. I particularly like Wired's suggestions of "I'm an exhibitionist," "I like sharing with a lot of people, but not everybody," and "I'm a private person who just wants to share with friends and family."
Personally, I'd prefer to customize my own settings, even if that does mean reading a ton of how-to articles detailing steps I need to take to protect my information in the way I prefer. But which way would you prefer to control privacy? A simple one-click setting, or a ton of customizable tools?