No. No, doesn't do it for me
First up, it would have been nice if you'd posted an article at the same time as pushing out the change so I didn't waste 20 minutes trying to work out what I'd done to my browsers
Second; there's a huge amount of wasted space on my main screen. Either make the page aware of what it's rendering on and use the space accordingly, or don't bother. And please don't make the header pic a third of the screen, it's pointless and irritating. I read the articles for the information, it's not a picture book fer chrissakes.
Third; not opening the article in a new tab? That's so basic I can't believe it's a deliberate design choice rather than a cockup, kindly fix it forthwith (edit: ah, it changes from black to a dark grey. Didn't spot that on the screen set the way it was. Grey. Really? C'mon...)
Fourth; what have you done with the 'visited' CSS so's I can see which articles I've already read? I use that sometimes as a fast-scan when looking for an article, not to avoid the article.
Fifth; article spacing on the main page; too much. I'm spending far more time scrolling up and down than before, it's a pain. And if you've got to have pics for the article, leave 'em in the rotating banner, or on a mouseover or something, don't throw another another possible row of article headers away just to look exciting and funky (or whatever).
That's from five minute's worth of browsing, so first impressions. But I'm concerned that as it stands it's not going to grow on me. The value of El Reg to me is the content, not the presentation so much. By all means make changes, but please don't lose sight of what people come here for. We enjoy the tabloid humour, since by and large it's not accompanied by tabloid-level journalism; let's not have the tabloid presentation style suited to limited attention spans for people who struggle to reach the end of a sentence, let alone a whole article.