Facebook's Timeline: Cool or Creepy?

OK, I really can’t decide if Facebook’s new Timeline approach to profiles is cool or creepy:

On the one hand, it’s a cool visualisation of who you are. On the other, it really feels like your life laid bare. I wonder how granular the privacy controls will be over the different sections of the Timeline? And do I really want a single company knowing this much about my life?
And, although this may seem morbid, I wonder if they’ve thought through how to deal with the inevitable end of the timeline: death?