It will be really interesting if this gets approved for the iOS app store, as it's in flagrant violation of the "must use iTunes payments for in-app purchases" rule. But what's Apple to do — no Facebook on iPhone? That would be insane.
Would be even more interesting if Google pull Facebook app out of the Android Play Store. (I bet Google would be very happy to do so)
Not a fan of the trend, but I suppose it does unify the user experience.