According to a recent study released by Vitrue last week, Facebook Fans are valued at $3.60 each in earned media for brands. Not everyone was happy with the study and a few even poked holes in the formula and assumptions made. I also wrote about it here if youre interested. Despite the formula flaws, I do think its a good start to something many marketers are looking for i.e. whats the return on investing budget and human capital on a Facebook fan page? In fact,