I read an interesting story on Facebook mispells. Turns out that Faebook.com is a redirect for Amazon.com and Faceboook.com is a redirect for College.com- a direct competitor. I checked out the site and it looks great. They claim to be "filling the void" that facebook opened.
I checked out College.com. There are actually a lot of people at Florida State on it already, although it appears to still need some development. Definitely worth checking out.