If you’re a Facebook addict just like me, you’ve probably seen this already:

Over the past few days, we have received a lot of feedback about the new terms we posted two weeks ago. Because of this response, we have decided to return to our previous Terms of Use while we resolve the issues that people have raised. For more information, visit the Facebook Blog.

If you want to share your thoughts on what should be in the new terms, check out our group Facebook Bill of Rights and Responsibilities.

Okay, I’m not that addicted to Facebook to join the virtual mob against moves to change the privacy terms of this popular social network. But some of the 175 million subscribers are up in arms, including tech expert Leo Laporte. (One of his more recent tweets declare: Facebook backs down. Put down the pitchforks and call off the rabble. http://bit.ly/zM1gy).

So what’s this fuss all about and why are people against this new privacy policy.

In a blog, Facebook founder Mark Zuckerberg explains:

Our next version will be a substantial revision from where we are now. It will reflect the principles I described yesterday around how people share and control their information, and it will be written clearly in language everyone can understand. Since this will be the governing document that we’ll all live by, Facebook users will have a lot of input in crafting these terms.

You have my commitment that we’ll do all of these things, but in order to do them right it will take a little bit of time. We expect to complete this in the next few weeks. In the meantime, we’ve changed the terms back to what existed before the February 4th change, which was what most people asked us for and was the recommendation of the outside experts we consulted.

Actually, you can be part of the writing of this new privacy policy, which Facebook calls the Bills of Rights and Responsibilities. Go check it out.