I went through the same process as Calacanis and most of my content had been automatically set to Friends Only. Maybe it's Calacanis who's unlucky... or clueless, or et cetera.
Most, but not all. When I went through, there was only one option up at the top that was not set to "Friends Only". No big deal, right? Just one thing out of 10 or so?
Except that one thing included all my status updates, links, and pictures. I switched it off because I'd heard all the hoopla and knew to read carefully.
Calacanis is totally correct. Many (most?) people will just see that it's "only one thing" and assume that Facebook picked sensible defaults. I would have, if I hadn't been warned ahead of time.
> Most, but not all. When I went through, there was only one option up at the top that was not set to "Friends Only"
I'm staring at the screen in question right now. I hate Facebook and have set it to not let anybody see anything in the past. NOW THE DEFAULTS FOR ALL THE TOP ITEMS ARE SET TO SHARE WITH EVERYONE. ie. Family and Relationships, Work and Education, Posts I Create (includes photos, etc.) and About Me are all set to share with everyone.
Looks like Facebook is either doing A/B testing or intentionally sending conservative settings to a small percentage of users to confuse discussions of this issue.