Jimmy Wales to create Facebook competitor?

Matthew Buckland suggests that Wikipedia founder Jimmy Wales may be creating a competitor to Facebook:

At a gathering of about 100 of some of South Africa’s top geeks on Tuesday night, Wikipedia founder Jimmy Wales revealed what he said were some of the “first screenshots” of his new project on search.

But the screenshot that Wales briefly showed the audience looked very much like a Facebook profile page, than a search page. In fact it looked pretty much identical to a Facebook profile page.

Could this mean Wales is developing a social networking, Facebook competitor too? Could it be some kind of search/social networking hybrid?

Read more here.