I found this at: http://www.craftypod.com/2009/02/16/facebook-owns-your-content-protect-yourself-now/
According to this source, this is Facebook's new language describing their rights to your content:
“You hereby grant Facebook an irrevocable, perpetual, non-exclusive, transferable, fully paid, worldwide license (with the right to sublicense) to (a) use, copy, publish, stream, store, retain, publicly perform or display, transmit, scan, reformat, modify, edit, frame, translate, excerpt, adapt, create derivative works and distribute (through multiple tiers), any User Content you (i) Post on or in connection with the Facebook Service or the promotion thereof subject only to your privacy settings or (ii) enable a user to Post, including by offering a Share Link on your website and (b) to use your name, likeness and image for any purpose, including commercial or advertising, each of (a) and (b) on or in connection with the Facebook Service or the promotion thereof.”
I am going to look into this further, and will update my findings. For the time being, I am not going to post any new information on FB and if this turns out to be true, AND FACEBOOK DID NOT NOTIFY THEIR USERS, I will be boycotting FB until the language is changed....stay tuned.