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LOL, it does have a touch of the Far Side. I guess Facebook doesn't want to become nothing more than an app on Android and iPhones, but I don't really see the point of it. Honestly, why would anyone want a Facebook phone when you can access Facebook using pretty much any smartphone or tablet. Come to think of it, don't a lot of feature phones also have Facebook capabilities? Plus, it isn't as if it is easy to design, develop and produce new hardware - look at the first Androids, they weren't exactly to die for. Who are they going to compete against for customers? Apple? Good luck with that.
I don't know that I would be particularly wary of a Facebook branded device if it was running Android. Sure, we block Facebook on our desktop hardware, but I don't know what additional risk it would create beyond all of the other smartphones out there. The same BYOD security measures should work. Now, if by some stretch they were to develop a native OS, then Facebook will be out of luck as far as I'm concerned. We just started to support Windows Phone. I will have to be dragged kicking and screaming down the path to supporting another OS.