Facebook is hosting a "special event" today in San Francisco, and much of the speculation is pointing to an e-mail service to compete with Google's Gmail. The two companies have been at odds lately with Google banning Facebook from importing G-mail users contact lists after Facebook refused to allow the export of it's user's friends and contacts.
According to TechCrunch Facebook's new project codenamed "Project Titan" is being called the "Gmail killer".
With so little regard for personal data Facebook will not be my choice of web based mail providers, Gmail is quite simply the best. That said, with half a billion users Facebook is bound to get the less technical amongst them to drink the kool-ade and jump on board.