I suppose it's not a great surprise to have the new facebook lite site released to everyone. Personally I think it's great because the old facebook in my opinion was getting a bit too "bloated" with all that chat and apps bar and all that. Having said that it is still in heavy development so you cannot do anything with your settings at the moment. For that you will have to go to the full fat facebook not to say that there's much I want to change on my settings though.

Also I think it's great because it runs better and doesn't crash my browser after a few minutes on my old compaq N410C. Give credit where it is due...?