Earlier quoted context omitted.
Hmm, I'd say the real privacy issue is the user who installs and runs all those Facebook, Twitter, LinkedIn, etc. apps and freely shares his private information with everyone. You can't really prevent that with technology unless you start to educate kids/users better. But who am I kidding? People will forfeit their private data for shiny stuff as long as there will be shiny stuff and private data.
There are two different connotations of 'privacy' that are often conflated in discussions about Facebook, Google, etc. Conflating them probably obscures the more important connotation to the benefit of such companies' bottom lines. The first connotation is the one my mother warned me about. It's Facebook photos of that tequila weekend in Tijuana and those two PM Tuesday tweets from the beach bar when I called in sick…
You can do that with Fluid.app (http://fluidapp.com/ only for MacOSX) It is a Single-Site-Browser-Generator with the option to have a separate cookie store for each SSB.
I have one instance for facebook, one for Google+ etc.