Is Facebook's legal department full of idiots? They settled this case before it was granted class-action status by the courts. Which means other users can still sue for the exact same thing.
Smart move by Facebook to settle early. This could have been a disaster if it was allowed to proceed. Facebook treads on very thin ice with some privacy laws. A very high risk company.
I see a lot of friend-endorsed adverts which they might not find appropriate (Friend A likes Hooters! etc.). I'm surprised the settlement doesn't allow for a way to show (and reject) which brands you follow might use your name. The adverts people might get featuring you are pretty much a mystery.