It’s rumored to be an HTC phone running Facebook’s custom fork of Android full of Facebook apps to do everything. Your Facebook news feed will live in your pants all the time. Who wouldn’t want that?
With deeper control of a modified operating system would come huge opportunities to collect data on its users. Facebook knows that who you SMS and call are important indicators of who your closest friends are. Its own version of Android could give it that info, which could be used to refine everything from what content you’re shown in the news feed to which friends faces are used in ads you see.
Sign me up!