What do you think?

Last night in an interview with Charlie Rose, Catherine Drew Gilpin Faust, President of Harvard, said that today there's a lot of information available to us but that's not the same as knowledge or wisdom. Juxtaposed to my recent experience at the Social Media conference, I find that worth thinking about. What do you think? Are we losing out with all the sound bites and minutia that's out there on social networks such as Twitter and Facebook?