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I don't mind if they "encourage" me to share more--as long as I have the option to choose NOT to. Yes, uninformed users might end up sharing more than they want to, but doesn't that happen now? FB users need to be responsible for what they're signing up for.
I'm thrilled that I may be able to separate who sees what. Right now, I don't typically make friends with co-workers or my boss, or customers, or colleagues at other companies--I don't see that group in the same light that I do friends and family. Too many people have been burned by their employer learning something about them on a social network. Or noticing that they post during work hours (not that I would ever do that, of course...) But if I can segregate them out per post, great!
I have faith that the "very vocal QA officers" will do a good job making sure things are done right.