Have you tried it?
In my opinion it is the best social media site on the internet.
Example of how I use it:
- I combine it with the Opera web browser, where iGoogle is my home page.
- CTRL + Enter, and I am in the Gmail inbox.
- Extremely easy to configure, eg. by tabbing my del.icio.us bookmarks etc. and drawing content around where I want it placed.
- IMO, your critique is not fair unless you have tried it for a while.
- In the end it is about efficiency when you surf the web.