All correct. You can also see the posts of people you follow, as well as forums you’ve subscribed to, and later, topics or keywords you choose to follow, all in your Profile Feed. That is, the Feed on your own Profile page. You’ll see everything that the people you follow have posted, whereas other people looking at your profile will only see what you’ve posted.
The slightly longer answer is, pretty much like any other website with a feed (Twitter, Facebook, LinkedIn, Tumblr, etc etc etc), your feed will look different from anybody else’s because of the specific people and forums you follow. The more people you follow, the more your feed has in it.
There’s no “point” beyond that, except to help shape the experience of the COW the way you’d like to shape it. We’re building in much, much customization in the days and weeks ahead, all of which you are free to ignore of course! Feel free to read it all, any way you’d like!
And certainly, many people come to the COW because it’s NOT a feed, where everything flies at you more or less unsorted (although we’re proud adherents to chronology!). But forum views give you the chance to see things organized by topic, with time as very much a secondary dimension.
The point is, any way you want to experience the COW, we’re enabling, with even more options to come!