I've visited your site several times before, and every time I visit I just don't see many people using it. I appreciate the freedom your service offers, but I think even for a customized homepage there is value in structure and organization. As much as Myspace pages vary with annoying background gifs and videos, there is still an underlying framework that adds unity to the site. I think the fact that it's too open might hurt you in the end. On Facebook you have your pics, your wall, your feed, etc., so there are expected components to each page that unite users. Placing anything anywhere on a page would give users a lack of focus and expend energy to use your service because they'd have to forge the connections among their and their friends' pages.

I think your click and type anywhere technology, which is very cool, could be applied to other fields as a feature, but I don't think it'd work best as a social network.

Best of luck.