My main objection to the Facebook Timeline view is that it's just really hard to read. Because events can appear on either side of the centre line, the only "correct" way to read it is to scan the line looking for dots, look left or right when you get to one, go back to the line and scan down again. We already know how to scan text. We do that a lot. Adding the line as an extra step wouldn't be so bad if all the articles were on one side of it. Then the line just adds a time scale context. Instead, the decision to put breakout boxes on both sides turns the line itself into the only possible central focus, with nothing on it but dots that lead to items you might (or might not) find interesting. You can't know until you drop your focus on the line to read the story.
Mokalus of Borg
PS - Until the Timeline view is more readable, I'll try to stick with the older layout.
PPS - But that's not up to me for individual pages.