YES!
Matt Cutts, the one guy from Google who (occasionally) gives concrete SEO answers talks about it in the above video.
SearchEngineLand goes in depth about social media for SEO in a recent post.
What this means -- social media is growing in importance. It is not a standalone factor anymore, but part of the search space.
What this does not mean -- that you should start sending random friend requests and spam your existing friends with links.
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