> If you have selected a specific audience for your content or information, we will respect your choice when we use it.

To be fair, if they actually honor this promise, and if it means what it sounds like in plain English -- i.e. that if you only posted your photo for friends, only friends can ever see it even if FB uses it for advertising -- that is a halfway decent mitigation of the issue. Not ideal, but then again, you're not paying for FB, so what did you really expect?