September 22 is the first day of the rest of your life, or at least that’s what Facebook would have you believe. Their VP of Global Communications Elliot Schrage recently told Tech Crunch that this year’s F8 conference will be “either the most important, or the second most important F8 yet.”

Already, Facebook has been rolling out sweeping changes to the look and feel of the site. Last week they added a Subscribe button for following a user’s updates without having to friend that user, as well as Smart Lists that auto-sort contacts into lists based on their relationships with you. This week News Feed makeover.

According to Mashable two sources close to Facebook called the profile redesign “major” and said it will “make Facebook profiles nexuses for consuming content.” In English this means they will encourage spending more time on a user’s profile. This may mean that more information will be shared there, i.e. what song you’re listening, what show you’re watching, what news you’re reading. All of this may soon be automatically uploaded to your page. According to Mashable’s sources the redesign will be a push towards ecommerce, which could have us seeing more buying and selling between friends using Facebook Credits.

What happens in San Francisco on September 22 could very well change Facebook as you know it, and the rumors are flying. Click through our slideshow to see the latest speculation about out how Facebook change the way you listen to music, watch videos, interact with friends’ profiles, andlet your friend’s know exactly what it is that you “Want.” Then, check out the biggest announcements from last year’s F8 conference.

To follow Facebook’s huge announcements as they happen, visit our f8 Live Blog.

Article Courtesy of The Huffington Post