So far I kind of like it. Clicking Feeds and "Add..." even allows me to add all the RSS feeds I used to have in google reader. That's pretty nice.
Unfortunately I can't watch all my feeds on one and single page. I have to check them individually.
Other than that I like the layout and stuff when reading magazines and "Breaking Stories" for each category is also a nice feature giving you a quick heads up on current news. Seems pretty useful if there would a disaster somewhere in the world or something like that.
So far I have only used the iPad and Android app. I'm looking forward to see a web based version though.