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At today's F8 developer conference, Facebook announced a major shift: good-bye profiles, and welcome the timelines.

What's for us in it? The fact that facebook will have a similar feature to a twitter, and news updates will reach more people not only on iPod in the meetings, but also at a leisure time on the facebook account. All this in iphone friendly way, and integrating Yahoo! news.  So the audience grows and gets serious (less of a "small chat"), and now it may be the right time to invest ourselves more in social media.

More about sweeping changes: http://www.tecca.com/news/2011/09/22/new-facebook-features-what-you-need-to-know/