Download the new Facebook app for iOS and you'll be able to tag your friends and places, share external links from a web view and bring some improved privacy settings to your iPhone.
Though the iPhone app is better than ever, the iPad app is still missing in action. And it looks like it won't be arriving anytime soon. According to @chpwn, Facebook removed all support for the iPad app in this latest update. No word on when it will return. [iTunes via 9to5Mac]