When you drag up the screen from the bottom you get this menu.
At the top, you can activate/deactivate airplane mode, turn wifi on or off, turn bluetooth on or off, turn do not disturb on or off and portrait orientation on/off.
You also now have this cool music gadget where you can skip songs/go back and turn the volume up or down. (You can also press the song name to go to the “now playing” screen in the music app.)
Airdrop is a new feature for IOS 7 where you can instantly share photos with IOS devices around you. (I havent tried it yet).
As for the bottom, there is a flashlight icon that can turn on your flash to use as a flashlight (VERY useful.) you can also access the clock app, calculator app and camera app as well.