does it affect u???????........

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i was thinking about this for a long time now............how much does a social networking site affect students?.......well,i have been using the internet for quite some time now.........in the beginning i was very fascinated by social networking sites like orkut,facebook,hi5...........as the time passed by i've lost interest in them...............now what i would like to know is ............ how much does a social networking site affect you? i do agree that it helps in many ways...connecting with friends,finding some important information,downloading materials etc.......but students are getting addicted to it so much so that they totally neglect their studies or any other activities which they really need to do.this prevents them from any further active participation.........what say?