Apparently, it works much like Facebook, and can even be accessed through your Facebook account. There are a few differences, but the biggest is that there are separate site for men and women. No more requests to be Friended by ex-boyfriends or the guy who thought you were cute at your last job! As Facebook has been cited in a great many of divorces (according to therapists and rabbis), this is an enormous asset to FaceGlat.
Link to women's site: http://faceglat.com/woman/
Link to men's site: http://faceglat.com/man/en/faceglat.html
I'm interested to hear if anyone has tried out this new service. Feel free to share feedback in a comment below.