Is Facebook going to launch its own email system on Monday?

facebookRumours are swirling about a Facebook email system readying to launch.

Spearheaded by TechCrunch, it’s expected that Facebook has serious plans to launch an email system, such as Hotmail or Gmail, in the very near future.

According to the AOL-owned tech news site, which claims to have inside knowledge, Facebook may use recently acquired “,” so email may be “”

The news is expected to become public on Monday at an invite-only press event in San Fran.

Microsoft is rumoured to be collaborating with Facebook on the email system via Office Web Apps integration.

Critics are skeptical that a Facebook email will take off, citing security worries and further lacks of privacy.