This post over at TechCrunch pretty much says it all:
Techcrunch » Blog Archive » Facebook Folds in Face of Student Revolt

When you have a social network, and anything happens that the users don't like, they will use the tools you gave them to organize and expose the "violence inherit in the system" (or what have you). It is part of the magic of 'democracy'.

I was invited to join a "Students against Facebook Feeds" group myself. Crazy.