Facebook Timeline is now live. It looks pretty snazzy so far. I have to play with it more.
Enable it at the bottom of the page here.
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to be more clear (from Facebook, once you click to get Timeline):
Only you can see your timeline during your 7-day preview. This gives you a chance to:
1. Review what’s on your timeline now, and add or hide whatever you want.
2. Click Publish Now or wait until your timeline goes live on December 22.