I like the new look. The bigger news blocks makes the news more eye-catching. I don't mind clicking on "Older Stories" or whatever it is to see what came before the latest news.
I've been coming to this website since Dec '01, and I think this is the fourth or fifth change in the website design that I've seen. In my opinion, they keep getting better. I was never that big a fan of the previous few layouts where the headlines were on the left side with the news story front and center. I just got used to it; I like the way they have it now.