Update: Looks like the update has gone live on the Windows Phone store. Happy updating!
Original story: Microsoft announced an update to the Windows Phone OneDrive app that includes, among other things, the revamped photo album that was previously made available on its website and its iOS app.
Albums aren't like traditional folders. You can create an album using pictures and videos from anywhere in your OneDrive. And, when you or people who share them with view them, it's a much better experience: your photos stand front and center, thumbnails are larger, photos are edge-to-edge, and everything is arranged together into a beautiful collage.
In addition, today's update will allow Windows Phone users to sign into OneDrive with more than one Microsoft account, and also gives them the option to set up a PIN code to access the account for better security.
The update doesn't appear to be live in the Windows Phone Store yet, but it should roll out later today.
Source: OneDrive blog