That was, at least, my initial reaction to the new Google Reader design. After having played with it for a while, I find I like the collapsable boxes and although the design is a bit pale, the actual feed listings, especially in list view, is better than before. Check it out for yourself, or just read the Google Reader Blog roundup.
Thord Daniel Hedengren is a designer, writer, and blogger, and also the former editor of The Blog Herald. He used to be a hotshot in the gaming industry in Sweden, but sold everything and went International. Most recently he wrote a book called Smashing WordPress: Beyond the Blog, and does loads of kickass design.