In response to the privacy controversy this year, Facebook released a set of new, simple privacy controls back in May. Today, they added those controls to the mobile version of their site as well, so you can edit your settings on-the-go.
While most people have their privacy settings set up how they want them, with applications constantly asking for permission to access your profile nowadays, you still have to visit the page pretty often. Now, with the privacy settings available in a mobile-friendly browser format, you don't have to wait until you get home to edit them (or try and use the desktop version on your tiny phone). You can just head to m.facebook.com/privacy to edit nearly everything you can on the desktop, including what your friends can see, and all individual application permissions. It's not an Earth-shattering change, but definitely nice to have if you're a heavy Facebook user, and nice for those of us that worried Facebook had stopped caring about privacy altogether. Hit the link to read more.
More Control on Mobile [The Facebook Blog]