There's nothing wrong with it by any means. It's easy to navigate through, the hashtags provide an outstanding means to view the content that I care about, and all the new features are absolutely amazing. Not to mention that the site looks aesthetically wonderful. I honestly cannot see what everyone else is so upset about. Certainly I can't be the only one who thinks this?
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New Hawtness 3.2 (since it's gone through some minor changes).