I hate it. I don't even know where to start: maybe the fact it's too fluffy (too much whitespace), maybe the giant headlines that you could read from a mile away, maybe the whole design that looks like some tech pundit's blog, but not like slashdot. The comments sections looks like it will be impossible to follow longer threads, a definite three steps down from the current layout which itself is not optimal.
The whole design seems to be based on the assumption that right now, there's too much text and not enough media to "lighten it up". In effect, you're dumbing it down to a point where I feel like I'm being treated like some kind of moron who can't muster the attention span if there isn't enough fluff.
I'm not normally hung up on design, but if this is what slashdot's coming to, I'm out. This ain't a threat, this is a fact.