One of the best things about Flipboard is how it handles social networks. Touching Facebook, for example, brings up all your latest news stories in a magazine-style format and automatically displays images from links your friends posted. Similarly, when you touch Twitter, you'll get each tweet laid out in magazine format, but also with linked stories similarly laid out so you can read some of the article (more than on Twitter) before touching to see the whole story. In this way, Flipboard might even be a better way to look at Twitter than Twitter itself.
Even if you know you're not going to be online later (say, if you're going on a trip via airplane), any of the stories you find can be saved to Instapaper, Pocket, or Readability so you have the articles available offline.
Update: In the latest version of Flipboard, you'll now be able to create magazines of your favorite content. A new "+" button has been added next to every story you come across so you can select and save content to your personal magazine. Touching the button brings up a smaller window where you can create your magazine. Just add a title, enter an optional description, and select a category. A switch at the bottom lets you either share your magazine publicly or keep it private. Now, next time you see a story that fits your magazine's theme, just hit the "+" button and select your magazine to quickly add the story. What results when you read your magazine is a great-looking cover page with your featured story, along with headlines down the right, just like a physical magazine.
The only issue I have with Flipboard is it is not as efficient for getting through news links quickly, so Google Reader fans may not find it to be a worthy alternative.
Still, Flipboard offers an excellent layout for browsing the latest news feeds and popular social sites that's perfect for both the iPhone and iPad. The new personalized magazine features provide more customization and interactivity with social networks and other users. With tons of customization options and a unique magazine style interface, anyone looking for a better way to browse the latest news and social info should definitely download this app immediately.