Rumor has it that Facebook will announce a radical change to its platform today and according to Mashable’s Ben Parr, who has seen the changes – “developers will be elated, users will be shellshocked and the competition will look ancient”

“These changes will make Facebook a place where nearly everything in your life is enhanced by your social graph. These changes will make it so you know your friends better than you ever thought you could.”

You can see and hear the announcement live today starting at 9:30am PT in the video player below.