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There are not many third-party clients for Facebook (mobile or otherwise) because Facebook's public API has several limitations that make creating and supporting such an application difficult. For example, users can change their privacy settings so that some or all of their information is inaccessible to the API.

They have: m.facebook.com

It might not be entirely 'snappy', but it's a hell of a lot better than the installed app version. I laugh every time I go to the website and it suggests I install their app on the login page.

What's the business plan there? Make an app that becomes the default way to access facebook on mobile? Show ads?

Facebook decides it wants in on the action and cuts you off a la twitter...