"My guess is that we'll see a large number of status feed applications build and while other apps will be built, any Twitter-like applications will receive the most amount of buzz."
That which makes Facebook more like Twitter can only be a good thing. What made the status updates finally interesting was the new ability to comment on them and have miniature conversations with other members. Of course, this is exactly what Twitter is good for, and with Twitter, you avoid all the obnoxious miscellaneous applications.
Naturally, I have set it up so my Facebook status changes whenever I update my Twitter status.