To be clear, what this addon does is grab another user's cookie and force your Firefox to use it - thereby allowing you access to Facebook and any of the other supported sites as if you had logged in as them. Specifically, Firesheep works with unencrypted wireless connections. However, the point that Eric Butler is trying to make with Firesheep is not just that you shouldn't use an unsecured wireless network. The point is that Facebook and the other sites have a very poor security model that allows this to happen.
So all of you that say "I use WPA" or "I don't use wireless, I use Ethernet" - you are missing the point. Anyone who has access and control of the routers between your computer and the servers can effectively do the same thing that Firesheep is doing.
Firesheep just makes it easy for the masses to do it.