Judging by how terrible Facebook is in general, I highly doubt that the content generated by them will be of a higher standard than that of YouTube.
I have always felt FB geared towards women, what with the interpersonal relationships focusing. Maybe FB tv will feature attractive women. I could mute the programs, inhale doctor approved medical marijuana, and enjoy observing the ladies. Definitely don't care to hear about whatever ever artsy-fartsy crap they may showcase. Hey Zuckerberg, did anyone you gave spray-paint to tag your house yet?
Oh yes, I remember that last month or so, we heard that FB next project will consist in the production of original video shows, etc. And I remember as well, that basically, the majority of the comments were regarding so how many ads will be involved. But now let's hope for the better at least.