Does Facebook hurt your faith? What do you think?

A new study by two Gordon College faculty is making its way around the blogsphere . To sum up: young college students are using social software so much they don't have time for christian disciplines like prayer, Bible study and service. They apparently found:

• Thirty-three percent of students surveyed (between the ages of 18 and 27) from four evangelical Christian colleges use Facebook or other social media for as much as two hours every day.
  
• Twelve percent reported using it between 2 and 4 hours.
  
• Another 2.8 percent said they used Facebook between 4 and 7 hours every day.

I do wonder about the cause and effective though; is Facebook keeping young Christians from Biblical priorities or they simply aren't that concerned about Biblical priorities to begin with and this is how they fill the time. In another context would it have been fishing down at the pond, or hanging out at the mall, or a part-time job that keeps young people otherwise occupied? The assumption being made is that teens at Christian colleges should be committed Christians. My experiences as a residence advisor in a christian college many years ago suggest that may not be a valid assumption. :-)

What do you think? Is there another side of the story? How might social software like Facebook actually encourage faith, community and christian development?