Well, lots of rumours floating around that Facebook is planning to do a Reverse-Google and enter China through the back door, while it's rival is leaving out the front.
According to China Hush this could be as soon as three months!
Facebook.cn has been registered (2006) and currently redirects to Facebook.com Additionally, a wealthy Chinese businessman Li Jiacheng has invested more than 100 million U.S. dollars into Facebook.
It's well known that Mark Zuckerberg (founder of Facebook) is an admirer of Bill Gates business methods and Microsoft has no qualms about remaining in China, despite censorship of it's search engine Bing.
Of course any Facebook venture would necessarily be heavily censored by the Chinese Government
Is Facebook preparing to Do Evil? Truth or rumor? Should be an interesting three months......