This seems to let you host media on your computer, and to work around the need to have a fix IP address or a dyndns account.

It doesn't seem to know about graphs of friends, which is the central principle of FB. FB is not about videos, YouTube is; FB is about getting the videos you like to spread across your friendship network.

However, it looks like a nice application, even if it's only remotely related to Diaspora or Facebook.