I'm also curious how that feature interacts with what I've observed to be normal FB usage. When I want to post a status, I post a status. When I post photos, it's usually as a batch, not many with captions. I think that's how most people do instagrams too.
So, if you have a home screen feed focused on your newsfeed...how will statuses be "attractive" looking? Using the user's default cover image? But those are extremely horizontal. The only newsfeed entities that contribute beautiful photos with substantial text that are in my newsfeed are companies and brands (OK, and George Takei).