I like it to some degree, but I think they're missing the point. Their traditional audience would have a very hard time reading the newspaper like power web use

I like it to some degree, but I think they're missing the point. Their traditional audience would have a very hard time reading the newspaper like power web users do. I think that you have to have a way to distinguish the "headline" news from the "hey, read this over here" second tier stories. I do think, it's a good experiment and worth exploring more.