And the Facebook Phone is Out or Not?

"We’re not building a phone," Zuckerberg said. "We’re not building an operating system. But we are building something that’s a whole lot deeper than an app."

Among the features are something the company is calling "chatheads" that boil down to having a user's facebook profile picture come up whenever a user's contact interacts with them, without the smartphone user ever having to leave whatever they were doing in the first place.

Later in the presentation, Facebook announced that Taiwanese phone maker HTC will build a Facebook-branded phone, called First, which will be available to U.S. consumer starting April 12th and will come with all the latest Facebook-related apps and the Home technology pre-installed. That's the news that people were expecting, but as it turns out, the software being used on more Android devices was the larger news of the day.

The social media giant had refused to divulge details ahead of the launch, leading to speculation it could be builfing Facebook phones in partnership with HTC.

Leaked images of what was claimed to be a Facebook phone also appeared on websites, feeding those theories.

But Mark McClusky,  Wired.com editor said that ” The genius of the Facebook phone is that the company made a phone without making a phone at all. It’s not overly ambitious. It’s not a big bet. And that’s why it may have such a huge payoff”

but their really isnt such thing as a facebook phone now is their. its just an OS integration that puts facebook before all other apps.