Another quick note: To see this new "SongPositionView", just tap the album icon in the lower right of the screen while in the NowPlayingView. (i.e. if in doubt tap the album icon in the lower right it until you see it)

NOTE: You have to be actually playing a song/book and it has to have a length in order to access the SongPositionView. That last part might seem silly, but sometimes the players (i.e. OSSO or Mplayer) take a few seconds to report the song length or don't report it at all.