Will Placing a Copyright Claim in your Facebook Status Protect What you Upload or Is it a Hoax?

Have you seen a lengthy bit of legalese pop up in your Facebook news feed recently?   It's a claim that the user declares all of their material to be their own and not the property of Facebook.  Is it good for anything?

Before we get to the answer, here's the text of what's been going around:

In response to the new Facebook guidelines I hereby declare that my copyright is attached to all of my personal details, illustrations, comics, paintings, professional photos and videos, etc. (as a result of the Berne Convention).
For commercial use of the above, my written consent is needed at all times!
(Anyone reading this can copy this text and paste it on their Facebook Wall. This will place...them under protection of copyright laws.) By the present communiqué, I notify Facebook that it is strictly forbidden to disclose, copy, distribute, disseminate, or take any other action against me on the basis of this profile and/or its contents. The aforementioned prohibited actions also apply to employees, students, agents and/or any staff under Facebook's direction or control. The content of this profile is private and confidential information. The violation of my privacy is punished by law (UCC 1 1-308-308 1-103 and the Rome Statute).

Facebook is now an open capital entity. All members are recommended to publish a notice like this, or if you prefer, you may copy and paste this version. If you do not publish a statement at least once, you will be tacitly allowing the use of elements such as your photos as well as the information contained in your profile status updates.

The answer is NO. Basically by accepting Facebook's terms and services, you retain ownership of the material but grant Facebook the right to use the photos on their site.

Curious what Facebook founder Mark Zuckerberg says about privacy? Here's what he's told ABC News's Diane Sawyer: