With these new methods, you can access the stream on behalf of a user and then filter, remix, and display the stream back to that user however you choose, wherever you choose, in the manner most relevant for the user experience. Other new API methods will allow users to both publish into the stream and to add comments and “likes” to posts in the stream.
Facebook Open Stream API | Facebook Developers News
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I look forward to the day someone creates a smarter stream something like what reboxed is trying to do with email