It appears Facebook has indeed modified their controversial news feed feature to allow more user control over their own privacy. But as Mary Hodder points out, the default settings allow full sharing of informaiton:
So, users still must take direct action on their own in order to protect their privacy. This is definitely not an example of values in design, as Mary points out:
The problem is that default settings end up being left in the default state by something like 80% of users, on average. And then people get mad when those settings come back to bite them because they forget about them. Putting the default settings on “share” mode means that most people will be sharing, even with the publicity this week.