The Net Generation (those born in or after 1980) rely heavily on ICTs for social and professional interactions, and it has been suggested that they have the expectation that technology will be an integral part of their education. At the same time, it is argued that "Facebook" has educational potential, and that today's learners should be encouraged and supported to use Web 2.0 technologies for learning in formal education. However, there is growing evidence that the value of "Facebook" in the educational context does not relate to formal learning at all, but to the "social networking" elements of the site. This Viewpoint article discusses the results of a study to explore students' views towards the use of "Facebook" in the university setting, especially with regard to learning and integration into university life. The findings suggest support for informal rather than formal learning use of "Facebook" within the university setting.