- Biggest improvement will be switching to default live feed of what is happening with your friends.
- Filtered live feeds based on your friend groups.
- Update status and the ability to share posts, music, videos, etc. right from the homepage.
- Pages will be switched to look more like a profile.  This means you can write on a celebrity’s wall directly.

TechCrunch is calling the live feeds a response to Twitter since Facebook’s acquisition bid fell through.  I think TechCrunch made a weak comparison there.  Facebook had a live feed option already available for quite some time already.  They came out with that feature last summer as a matter of fact.  Facebook probably just wanted to highlight that feature more since they already had it running in a small section of the social network.  That seems more likely than to “respond to Twitter.”