My daughter has her's set up ... she seems to like it. Here's a great video about the new facebook timeline ad how it works! Seems to be catching on ... a least with my friends! Thanks Stephen for posting this very useful blog!
Facebook has now started a global roll-out of the new profile layout "Timeline". They describe it as a way to:
"rediscover the things you shared, and collect your most important moments"
There's a strong genealogy link with this latest change, it will be interesting to see if Facebook allows retroactive activity. For example, will I be able to add past events so they appear on my timeline and in doing so create a more complete picture of my entire life?
Here is a video from Facebook that provides more detail: