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Facebook members will now find a whole new look for their home page called “news feeds” on Friday, with the plan now featuring a toggle view between a major view, offering the top stories from their friends list depending on their Facebooking behavior and a “live feed” offering real-time updates from the entire network.

“When the user comes around in the morning, and go to Facebook and sees [the] news feed,” product manager Peter Deng said to CNET News. “You view the stuff that you missed, the greatest of a day before, to essentially get closer to your pals on what they have been up to.”

This is somewhat taking Facebook’s plan back to a previous version. This spring, probably enthused by the excitement surrounding Twitter’s “stream,” Facebook renovated its home page news feed into a feed of live updates and transferred “highlights” to a little column on the right side of the page. Many of the members totally disliked it, even if Facebook execs have since said that the revamp didn’t cause a drop in traffic or usage.

Deng told that the plan debuted on Friday, which will be compressing to the social network’s substantial user base over the course of the day beginning at 1 p.m. ET, was composed by “acting in response to loads of feedback along the way.”

Birthday and event alerts are now higher-flying and the news feed also comprises of stories that stopped emerging when Facebook debuted the stream-inspired home page: relationship status news, photos added and tagged, and the like. Brands’ fan pages will be worked in there, too, but Deng said Facebook does not set them aside to pay for higher position or fame. User controls will remain the same: you can choose to get fewer updates from a given person or fan page.

The imminent redesign was leaked earlier this week through a document disseminated to advertisers. But Deng said that the company has “made a small number of user interface tweaks since then.”