Graph Search is Facebook's way of mapping all the data we give the platform together in a really useful way. It is by far the best example of "Social Search" – the premise of creating a search engine based not on websites but on entities – people, places and things.
The company has been quietly iterating it since last year. There's still a long way to go but the foundations are already there for what promises to be the only true rival to Google in the world of information organization and retrieval and only days ago did they start testing new functionality that allows some users to search through content as well as people, interests and things.
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FB is not a big item on the B2B radar, coming in after LI, SlideShare, YT, G+, T. But if it is, this really is the definitive guide to Graph. Outstanding!