Much of the information in Privacy Basics won't be new to anyone who's ever read our guides to Facebook privacy. However, it's an excellent intro if you're lost or new to locking things down. Tutorials are broken up into three major categories: "What Others See About You", "How Others Interact With You" and "What You See".
Of course, this doesn't actually solve any of the privacy issues people have with Facebook. But it does help explain the intended behaviour of the site. Even veteran users would probably benefit from taking a quick tour to discover if anything is used in a way you might not expect. If you would like to give Facebook any feedback or criticism about the new privacy policies before they go into effect, the company has directed users here.