The Video Upload feature allows you to take a video with your device and upload it to your Facebook page. The News Feed will now load more types of posts and with the new Pages support, when you click on a page that appears on your News Feed, you can browse through it from within the app.
Once you've updated your Facebook app, let us know what you think. The Android version of the app is still not exactly the same as the iOS one as the latter allows you to search for a Page quickly while the Android variant requires you to look through your News Feed to find a page. But with each update, progress is being made.