The above is a link describing the new Facebook Timeline and how it works.
Over time, your profile evolved to better reflect how you actually communicate with your friends. Now you can can share photos of what you did last weekend, and updates about how you feel today. But since the focus is on the most recent things you posted, more important stuff slips off the page. The photos of your graduation get replaced by updates about what you had for breakfast. Say you’re catching up with an old friend – would you rather find out that they had eggs this morning, or hear about their new dream job? The way your profile works today, 99% of the stories you share vanish. The only way to find the posts that matter is to click “Older Posts” at the bottom of the page. Again. And again. With timeline, now you have a home for all the great stories you’ve already shared. They don’t just vanish as you add new stuff.Timeline is wider than your old profile, and it’s a lot more visual. The first thing you’ll notice is the giant photo right at the top. This is your cover, and it’s completely up to you which of your photos you put here.
As you scroll down past your cover, you’ll see your posts, photos and life events as they happened in time. You choose what’s featured on your timeline. You can star your favorites to double their size or hide things altogether.
This is making Facebook more of a blog. If you want to see how your Timeline looks to other people, you need to click on the gear menu at the top of your timeline, and hit “View As.” “You can choose to see how your timeline appears to a specific friend or the public,” There’s more info on managing Timeline on the Facebook blog.
Personally, I have yet to get the Timeline and I probably won’t until I am forced to. I do not feel the need to look back at posts from 5 plus years ago. I am more concerned with the present posts and photos. I also do not like the idea that anyone visiting my profile can have access to posts made years ago. However, eventually I see everyone with a Facebook user account will be required to have the timeline. I also do not like how almost every month Facebook changes something creating it much more complicated. Thinking back, I can’t even remember what the original Facebook looked like, thats how many times its changed!
Sources: Choney, Suzanne. Theres no escaping the Facebook Timeline. Retrieved from: http://www.technolog.msnbc.msn.com/technology/technolog/facebook-timeline-theres-no-escaping-it-now-84762