I’ve been using the free Flipboard app for the iPad that agregates Facebook posts, Twitter tweets and news from various organizations like ABC News, Huffington Post, Washington post Magazine and a bunch of others and displays the info into Magazine-like pages that you flip through. The presentation is engaging and it works well.
Flipboard displays galleries in Facebook as thumbnails that look great and it pulls in articles that users link to and displays them too. Cool!
Flipboard lets you “zoom in” on a specific article or post and will allow you to comment if that feature is available from the site you are using. Facebook, for instance, allows you to comment on posts.
It would be cool if you could post a status update from within Flipboard but either you can’t do that of I haven’t figures out how yet.