This Thursday Facebook will be holding a big press event where it is expected to announce the first major change to its Timeline feature since release in 2006. We are hearing speculation that the news feed may be broken down into multiple categories and would be configurable.

TechCrunch is reporting that in addition to the multiple news feeds, we will also see large timeline photos, and image based ads adorning the service. When tech news site Mashable reached out to Facebook and asked for a comment, they replied "We don't comment on rumor and speculation".

If the rumors are true, then we will see the new multiple feed feature somewhere at the top near the search bar as well as a new photo feed that would exclusively feature images uploaded through the Facebook and Instagram apps. My only worry is that the rollout of Facebook's last big announcement, Graph Search, has not even began to get started, so how long would it be before everyone had access to these new features?