Orkut bashing seems to be the flavor of the day, with people making fun of Franship seekers and giving advice on how to be a smart Franship seeker. I too have an Orkut profile, which for all practical purposes is useless. I found it ridiculous that you have to go to another page to reply for a message in your page. I also realised that an anti social moron (that's me) in real life cannot become a social networking sultan (bad alliteration) just because he is online.
Still, Orkut is not for Franship seekers alone. There are other more productive uses. In my case, it helped me to track down a person who had borrowed money from me about 2 years back and vanished. To be fair to him, he did respond positively when I contacted him through Orkut. Yesterday I got the money back. Long Live Orkut.