I've had this for awhile because of Pub club, so I'm used to the new site a little bit. There's still a few things that I really don't like about this layout though. The first of which is the fact that at the bottom of videos now, the facebook plugin only takes up half the width it used to, and that just doesn't look good at all, especially when you consider that the content that is shoving it to the side is pretty much useless.
The other thing which I don't like about the new site is the way the content is layed out on the first page. Simply because it's erratic with apparently no order to it. There was nothing really wrong with the way the new videos were shown at the top of the screen in narrow blocks. There really is no need to feature one video in a huge block as it is now. It just makes noticing new content more difficult. If you're going to do this, then you're better off doing what a lot of other sites do and have one larger image which acts as a slideshow of all the newer content. Similarly, some of the news is also randomly larger than the rest of it, seemingly for no reason as well. Both of these are focused on the left and the graphical side of me wants to just shout at you for creating an imbalance. It kind of niggles at me every time I enter the site.
Also concerning the first page is the news box which used to take up double the space at the bottom of the page. There doesn't really seem to be any reason to shove it to one side. It just makes the page seem cluttered. In fact now that I look at it, the front page is filled with a lot of useless information. There are three different boxes for news stories aside from the main ones. Do we really need the self scrolling news bar? Is that really necessary? Is the box for stories from facebook necessary? Is your twitter necessary?
I like most of the things to do with the new layout. My suggestions would be to restore the featured videos/articles etc to the original method as to stop the imbalance, remove all the clutter and restore the news and facebook plugin to their original widths.
Aside from that, I really do like this update. The menu bar is great, the fact that it actually mentions what kind of content it is under each image is really useful, and I don't really mind the bright background all that much.