I’ve been there a few times, and popped by today too, but … I can’t stand that interface.
It’s ugly busy crowded nasty unorganized anti-simple complicated jammed crammed undesigned BAD BAD BAD. It’s anti web 2.0, that’s what it is.
Design matters. White space matters. Simplicity matters.
[ update ]
memeorandum is horribly designed too. It just looks like a wall of text to me – somewhat reminiscent of the old days of web directories.