This has once again been announced on lj_releases and also sent out via email (I quote):
The first part of the bullet list, with the (~) notation, are the major updates that will be made while the new feed page is still in the beta phase. The rest of the items in the list are some of the other features which will be added, but may not happen until after the beta phase has ended.
Changes yet to be made to the feed page:
(~) Infinite scroll will be able to be turned off. If you turn off infinite scroll, the feed will have regular pagination as it does now.
(~) Customization options will be provided to allow you to configure the look and feel of the feed. This will include at least text size and background images.
(~) Commenting will be allowed directly from the feed page. (You will not have to load a separate page to leave a comment unless you want to.)
(~) There will be a more device-friendly version of the feed available for viewers using mobile devices, netbooks, and so on.
The author of an entry will be able to select several comments that can be displayed along with the entry when it is viewed in friends feeds.
The latest entries page will be added as an available option from the filter dialogue.
Also some people may have seen posts about paid accounts being cancelled sometime next year. This is not the case; it was a mistranslation as it was originally posted in Russian and people (including me) used Google translator or another one and it wasn't exact. There will be changes made but (I quote):
This will involve changing things so users have a standard LiveJournal account to which they then can add the paid/extra features that they want separately (or feature packages/sets). The concept of buying something that's called a "paid account" is what will be removed -- extra features will be done as add-ons and add-on packages. Existing paid or permanent accounts at that time will be treated as premium/elite accounts that will have access to even more features than exist right now.
Full details and yet another place to comment can be found here.
Yes, these go a small way towards erasing problems, but it doesn't address the major one: the fact that from what I've seen the vast majority of people don't want it; they want to be able to read their flist in their personal style; a style they have created or have made for them or spent time tweaking the LJ ones. And it still doesn't actually address the big issue for many who have problems of colour 'background images' does not (to me) imply a choice of colour.