Yes its true. After such a long time Facebook has finally allowed Page admins to change the title of their pages. A feature which most admins had wanted for ages. earlier it used to be that if you have created a page with a wrong title you are stuck with it with no option of changing it in future.
But now it seems that Facebook has provided the facility to change them as it can be seen from the screenshot of Our Facebook page.Facebook Launched Friendship Pages.
Please Note : As of now this change is visible on Pages with lesser number of Likes(probably less then 100 Fans/likes). Lets see when it would be available for all if it does so.