Called the Timeline, the new profile will likely encourage people to put up content that predates their time on the social network. You’ll be able to guide visitors to your profile through your life via an actual timeline on the right side of the page, so they can quickly click to the days of your misspent youth or just see what you’ve been up to since you got your last job. The further back you go, the more content Facebook will hide from the main timeline.
Apps: Users also will be able to add apps that publish content to users’ Timelines automatically. Right now, apps ask users if they want to publish information to their wall before each post, such as when a user reaches a new milestone in a game. Now, Facebook will publish stories with a single permission agreement — for example, users using Spotify will agree to hook their account to the service once, and it will post to their walls every time a track changes.
Some apps, such as The Washington Post’s Social Reader, or Hulu will let you consume news and media content right from Facebook and tell your friends what items you’re reading, watching, or listening.
Is Facebook going to charge a fee?: No. Facebook isn’t going to charge a fee and likely never will. Restating what the company has said since it began, a post to the company’s main page definitively denied the rumor, saying: “We have no plans to charge for Facebook. It's free and always will be.”
Some analysts see the new Facebook features as changing the sharing dynamic on the site to one of “all or nothing.” As Laura June explained:
Just a few days ago, Facebook announced a number of significant changes, the most important of which is the morphing of personal profiles into “timelines,” where each update, tagging, event, and photo is now a “story” of one’s life. The social network will now serve for each person who uses it as a chronological catalogue of events on a line, leading inevitably to death. This is the feature which has gotten the most attention, and I have much to say about it — such as the fact that I find it truly odd to encourage what I can only describe as “instantaneous” nostalgia about events which have just happened. But, in truth, Facebook has long been heading toward this use, and though I don’t really see the attraction personally, I understand that the need to document one’s life in detail has always been an alluring prospect for the human race. The fact that the Timeline is a dumbed down version of scrapbooking — usually the domain of retired people — is also odd to me, but I won’t pretend I don’t understand the draw.