Terrible. Terrible, Terrible.
Can we please have the old site back? This one is just awkward. Why is the text in your account settings/preferences so squished and small? Why completely black? Thick border at the top?
I really don't like this new one at all, the old one wasn't great either but it was a lot nicer and cleaner. Too much stuff in your face at once, for the company* that created the XMB and made the PS3 navigation so simple and clean. To do something like this is baffling.
They can do waaaaay better.