After much speculation and weeks of build-up as to what Facebook’s next "new" business model was going to be, they officially made the announcement yesterday that they are entering the search market.

Not just any search market, the are calling it “graph search” and it is essentially giving Facebook users access to a search that will help them probe data based on their relationships, their friends relationships and data, along with the droves of information they have YOU and your ongoing feeds.

http://www.facebook.com/about/graphsearch