My partner was furious that I and her brother had the new Facebook Home layout before she did.  That's how impressed she was with it.  She liked seeing it on my page so much she wanted it too.

It's a good layout choice.  It's cleaner and less busier than it was prior to this. 

Friend request, messages and notifications become icons over on the top left, everything is organised down the left side for your various types of updates, then your applications and finally your online friends.

Over on the top right are the Home, Profile and settings links.

Search is now more prominently featured in the top middle, then underneath are the updates from Facebook friends.  There are two categories of news feed now, Recent and Top Stories.  Nice and effective.

Generally this new layout is a long-overdue feature and makes the home page a better experience.  One would presume that the acquisition of Friendfeed has gone a long way to helping such improvements along, especially the Friendfeed founders' expertise with real-time updating.

Perhaps Facebook should acquire Robert Scoble and Michael Arrington next.