Slashdot 2.0 (what we have now) is pretty good, even though it had a crapton of backlash when it was implemented. That was mostly due to the bad coding, the design is still very similar to the Slashdot of 10 years ago. Once they fixed the bugs I think it is great.
This just looks like a crappy attempt to copy Ars, right down to the very poorly implemented comments system. Why change the best comments system around? Certainly nobody comes here for the articles, as those are done better and more accurately everywhere else. People come for the moderated comments, why fuck that up.