Remember those SNL routines that went on forever? The ones that weren't funny?
Lots of new features coming to Facebook. The timeline is interesting but I have no idea how much control you'll have over the information that is posted. It might be a wonderful boon for identity thieves.
However the addition of Spotify for music is a boon for all music lovers. It now shows as an app for your "timeline" on the left side of your profile.