So far in our prep, we've found Social Media to be handy, but not so much in terms of blasting emails to large numbers of potentially uninterested people, but in engaging our own networks.
5 Days to launch, and through genuine, personal reach out to the people in our Facebook network, we're going to have flyers about our project up on bulletin boards in a selection of schools, churches, community centers and other appropriate environments for our project. Facebook has made it easier to identify and remember which people in our networks might be most relevant (for us - which are parents, which are educators, etc.).
We'll see, but my suspicion is that it's less about the breadth of coverage we attempt (though that's vital when it comes to press, bloggers, etc.) but depth. 40 people who truly believe in the project are going to be worth more than 2,000 half-hearted clicks on a link.
So I'd say Social Media is very much alive, but we have to think of how to best use it.
But as mentioned - we haven't actually launched yet, so I'll come back in 10 days when we're 5 days into the campaign to let you know how that's actually working out for us