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Ladies and gentleman, it's official: the location-based service phenomenon is on its way to Facebook. 

Lots of social networking heads expected this particular announcement to grace the community at the f8 Developer Conference, but Facebook CEO Mark Zuckerberg and his posse remained tight-lipped. Finally, at this week's Facebook Developer Garage event in London, Zuckerberg confirmed what most assumed: “We are finishing designing our application and hope to offer it soon,” he said

Keep in mind that this announcement came after rumors about the location features being launching in April, and then in June. No doubt held back by a privacy policy rewriting fiasco, Facebook appears to be catching up to their promises quietly. 

For the most part, we still remain in the dark. Most suspect the platform will integrate data from the likes of Foursquare and Gowalla, but nothing has been confirmed just yet. Moreover, it will be interesting to see how Facebook deals with location-based technology in light of being ripped a new one for exposing too much information about its users. 

What was enough to spawn a Quit Facebook Day may be enough to cause another uprising if the platform doesn't handle it delicately. Thoughts? Let us know in the comments below.