While I agree with your points, nobody ever mentions how hard it is got get people off of FB and ONTO their social media platform.
I remember when this came out and I did like a number of the features over FB. After some, "Hey, Google+ does this so much better than FB, you should swtich to G+!" posts, and nobody switching. I just found some friends used both, but eventually went back to just using FB exclusively.
This has always been the Achilles heel of anybody who wants to compete with FB. It's not about features, it's about how are you going to get all these people, with all of these deep rooted connections, to leave FB and not just join YOUR network, but to stay and bring all their friends in the process.
Insanely, insanely hard.