Count me as one who didn't know this then - I'd just given up on Facebook and the only reason I use it is because it is the only place the little one's nursery provide any information.Not if you set it up right, click on Feeds and set your favourites up and you get none of that nonsense.
The amount of people who don't know this is gobsmacking.
Although, I do think it's ridiculous that the feeds thing is not promoted or explained very well and that the default is so unusable it has pretty much driven me away from using it for anything apart from the above.