Looks like it’s a direct shot at twitter considering the name.  It doesn’t work yet, but will be located at lite.facebook.com.  Update: It’s gone already. Update 2: Added full screenshot  Ideas on what this could mean:

1. This is what Facebook and Friendfeed have been casually talking about with acquisition talks accelerating things
2. Facebook is planning on this being the twitter client / penguin FB. Moreso, Facebook may be making a Friendfeed of sorts of its own and twitter is one of many places it could post to.

Either way a friendfeed acquisition, basic search integration, and now this makes their intentions of going after Twitter clear.  The war is on…

And of course there’s already outlash with an FACEBOOK LITE SUCKS GROUP: