Yes, that’s correct.  I found a Facebook App that you must install.  It’s called fbCal. Once installed, it creates an iCal file for your friends’ birthdays and another for events you register for on Facebook.  The events aren’t useful to me, but the birthdays thing is great.  I subscribed to the iCal file in Google Calendar, then set up default reminders of 2 days and 15 minutes for every birthday.  Great stuff if you’re using Google Calendar or any number of other calendar softwares that support iCal imports.  MySpace needs something like this now.