Rather than anonymizing social graphs by generalizing them to super nodes/edges or adding/removing nodes and edges to satisfy given privacy parameters, recent methods exploit the semantics of uncertain graphs to achieve privacy protection of participating entities and their relationship. These techniques anonymize a deterministic graph by converting it into an uncertain form. In this paper, we propose a generalized obfuscation model based on uncertain adjacency matrices that keep expected node degrees equal to those in the unanonymized graph. We analyze two recently proposed schemes and show their fitting into the model. We also point out disadvantages in each method and present several elegant techniques to fill the gap between them. Finally, to support fair comparisons, we develop a new tradeoff quantifying framework by leveraging the concept of incorrectness in location privacy research. Experiments on large social graphs demonstrate the effectiveness of our schemes.