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Snopes has this listed as FALSE, and guess what? I fully agree with that finding. HOWEVER, let me set the record strait. I firmly believe almost ALL Facebook Applications are aggressive information collectors/ thieves. So if you are going to pass around the status shown in the photo, you'd better edit out the one application named and generally warn your friends away from ALL Facebook Apps. See attached Snopes report. ;)
Sold out soon as you load most apps the first time. "When you connect with a game, application or website - such as by going to a game, logging in to a website using your Facebook account, or adding an app to your timeline - we give the game, application, or website (sometimes referred to as just "Applications" or "Apps") your basic info (we sometimes call this your "public profile"), which includes your User ID and your public information. We also give them your friends' User IDs (also called your friend list) as part of your basic info."
Looks like Facebook is about to change things up again. They've already rolled out a new "Timeline" format for users in New Zealand. -Quote: "The new design simplifies the two columns of updates into one and turns the timeline headers at the top into clickable tabs." See the attached reports for more information.
Scam artist will be actively looking to exploit Facebook users due to the current roll out of updates to the Timeline. Don't fall prey to them. See the attached resources.
~Black Knight Things to Avoid: 1. Facebook post or apps that claim you can remove/ delete/ do away with your Timeline. 2. Facebook post or apps that claim you can revert back to the old Timeline or Profile. 3. Facebook post or apps that claim you can change the color or theme of your Timeline and or profile. 4. Facebook post or apps that claim they will give you the New Facebook Timeline.