They are changing the layout of the home page to include real-time status streams.
Users would also get the option to customize what they want to see on their Facebook home pages.
Facebook developers are soon going to make these new changes live.
They now call this new feature Facebook Stream. It replaces Facebook News Feed.
This is going to be pretty interesting as automatic refreshing is built into this page. So you would not be required to refresh to see the latest updates.
More changes are planned and these should be out by next week.