I’ve been trying out Google+ for about three weeks now and so far I like it better than Facebook. There are a few things I like about Google+ over Facebook and there are a few things I’d like to see Google+ implement that Facebook already does.
What I do like:

• Group friends/acquaintances into “circles” instead of groups so status updates can be targeted appropriately
• Group video chat (I personally haven’t tried this but it’s nice to know it’s there). Google+ calls this “hangouts”
• Better control over profile privacy
• Integrated with Picasa (rumored to change the name to Google Photos), which I already use as a backup to my Flickr account. I might even get rid of my Flickr account all together since storage on Google is cheap
• No annoying posts about what games people are playing cluttering up your feed (or stream as Google+ calls it)

What I wish Google+ did that Facebook does

• Allow for vanity URLs. It’s easier to tell someone to visit plus.google.com/your.name instead of plus.google.com/103067558420705101928
• Have fan pages. The closest thing (and it’s not that close) would be “Sparks” which seem more like Google News filters
• Condensed comments. I was very surprised to see that Google+ didn’t already have this implemented fully. Some comments on my stream are condensed (it’ll say there are 30 comments and let me choose to expand them to view all the comments) yet others are fully expanded out without giving me the option to condense them down. This makes my stream a lot longer than it needs to be. Hopefully Google will correct this soon.

What I wish Google+ did that even Facebook doesn’t do yet:

• -1 something (the Facebook equivalent would be Dislike). People have been complaining that Facebook lacked this feature and Google should’ve listened to that and incorporated it into Google+ to one-up Facebook even more.

What I wish Google+ would copy from GMail and other social networking services:

• Color coded commenting (similar to GMail)
• Color coded stream entries (by circle, user configurable preferably – similar to labels in GMail but applying them to the person’s name)
• A better @/+ mentioning system. It should default to showing me people I’m already following and not everyone in the Google Directory.

I think in about a year or two from now, Google+ will do to Facebook what Facebook did to myspace; even Facebook creator Mark Zuckerberg is on Google+.