I have been receiving many invites to join many social networks by friends. Just don't want to set up yet another profile and spend time updating it or not update it due to the lack of time.
Professionally, I like where I am and don't see the need to network online.
Personally, b/t my blog, my social gatherings, my calls and e-mails, I keep in touch with all the people that I need to connect with.
It comes down to time. I know for many of my friends, these sites help them keep in touch, so there is value. For me, they may take up precious time that I want to spend doing something else...
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