As we turn the page on 2010, it looks like 2011 will be another exciting year for social media given the flurry of new services hitting the market and the growing number of people climbing on the bandwagon.

Here’s my wish list of things I’d like to see happen:

1. Twitter stumbles upon or discovers a business model so we can finally stop talking about Twitter not having a way to make money. Maybe it will be advertising based on the $200-million of venture capital the company now has to hire an army of salespeople.

2. Twitter is acquired by Yahoo. No, that would be a nightmare that I wouldn’t want to wish on my biggest enemy. Twitter is acquired by someone other than Yahoo for several billion dollars so we don’t have to talk about Twitter being acquired by someone again. The new owner immediately rolls out a business model and a menu of premium services to an enthusiastic reaction, and also buys HootSuite, TwitPic, TweetDeck and TwitterCounter.

3. Privacy thrusts itself into the spotlight after being pretty much ignored by millions of people happily talking about the details of their personal and professional lives. It suddenly dawns on many of them that what happens on the Web, stays on the Web forever, and there’s no “delete” button for anything. This causes Facebook to finally get serious about privacy by launching new and user-friendly privacy options that feature a default of “private”.

4. Another social media network emerges to take on Facebook, whose amazing growth has much to do with the fact there’s little competition. Maybe it’s the new and improved MySpace, which is purchased and then overhauled by Google. Maybe Diaspora goes from novelty to tour de force, or perhaps it’s a completely new social network that offers the utility of Facebook and the privacy that consumers increasingly realize they need.

5. Quality starts to become more important than quality as individuals and companies realize it’s not the number of tweets, Likes, followers, friends, RSS subscribers or Diggs that really matter. Instead, it’s about effectively leveraging social media in a smart, efficient and focused way. This eliminates a lot of social noise now polluting the landscape, including all tweets about visits to Starbucks, sick pets or cute children.

6. Google mashes together Blogger, Picasa, Google Images, YouTube, FeedBurner, Google Maps and Google News to create a kick-ass, super-duper blogging platform that becomes a strong rival to WordPress. In response, WordPress’ Matt Mullenweg rolls out an aggressive anti-Google strategy in which WordPress makes a series of acquisitions, including Tumblr and Squarespace.

Now, that’s what I call a wish list! What’s on your wish list?

More: Here’s a list of social media predications from Mashable.