Great article.
SL has been clever enough to go Open Source, but even with that up their sleeve, if stability and performance doesn't improve, I can see myself happily transferring to a future SL copycat that will offer me *consistently* good performance at least 80% of the time. (and way fewer hazardous and deadly "updates"

Here are some tidbits I took out of the article, which may reflect the scenario we are currently experiencing at SL.
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"But the board also lost sight of the task at hand, according to Kent Lindstrom, an early investor in Friendster and one of its first employees. As Friendster became more popular, its overwhelmed Web site became slower. Things would become so bad that a Friendster Web page took as long as 40 seconds to download. Yet, from where Mr. Lindstrom sat, technical difficulties proved too pedestrian for a board of this pedigree. The performance problems would come up, but the board devoted most of its time to talking about potential competitors and new features, such as the possibility of adding Internet phone services, or so-called voice over Internet protocol, or VoIP, to the site.
THE stars would never sit back and say, ‘We really have to make this thing work,’ ” recalled Mr. Lindstrom, who is now president of Friendster. “They were talking about the next thing. Voice over Internet. Making Friendster work in different languages. Potential big advertising deals. Yet we didn’t solve the first basic problem: our site didn’t work.”
In retrospect, Mr. Lindstrom said, the company needed to devote all of its resources to fixing its technological problems. But such are the appetites of companies fixated on growing into multibillion-dollar behemoths. They seek to run even before they can walk.
“We completely failed to execute,” Mr. Doerr said. “Everything boiled down to our inability to improve performance.”
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I hope SL will overcome this current inability before the copycats start popping up.