I don't hate it, but I still don't see much use for it.
Being free of ads is nice. But it seems to me that the hype for this parallels the hype for Twitter, which was mostly viciously circular: you have to be on Twitter because otherwise you'll miss what's happening on Twitter.
Now I am paying $50 to help him build it. I guess that makes sense if you have business ideas for pitching to the people who feel they have to be on Twitter. But I will admit to a little discomfort with how much of the interest is based on projections of everyone else's interest.
I actually don't hate this project, I think it's interesting or else it wouldn't have caught my attention in the first place. I just noticed a few things about it and wrote what I saw.