Better than creating something that nobody wants or cares about certainly :)
Also, don't let this stop you. If you really feel like giving up though, consider open sourcing it, I suspect some people (myself included) are interested in this, but hesitant to give our info away to some untrusted 3rd party.
I'm not giving up. There are a few things they totally missed here like the fact I have to give away all my data and that it's not platform based (I can't build on it). I would like to be able to ad-hoc query and visualize my social data on my own terms locally. Not much written yet, but I will probably be open source.
Also, don't let this stop you. If you really feel like giving up though, consider open sourcing it, I suspect some people (myself included) are interested in this, but hesitant to give our info away to some untrusted 3rd party.