I can't agree more. This is the worst crap I've ever seen.
I've been coming to slashdot viewing stories for a decade, I never saw any issues with the classic design. This is just pure change for the sake of change.
The sites I tend to read and stick to the most are very simple and minimal like the classic slashdot, reddit etc..
If I wanted some pretty over-designd blog I'd go over to any of the hideous Gawker sites or AOL news.
I was part of the digg community when they made their huge sweeping design change, I was also part of the exodus because of it. Don't follow this path.
I do know I won't be in the minority based on these comments, if slashdot forces this change, it won't be my daily news source anymore, it's too hard on the eyes. Go back to classic and leave it be, abandon this idiotic folly.