I like it. It's snappier, more responsive. It's not a huge improvement over the NXE, but it fixes some of the things that irritated me. And I love the Netflix search update that also came out today.

The game marketplace is cool but the organiaztion of it sucks still. (Was in dash beta.)

I'm not bothered by it whatsoever. It looks more or less exactly the same to me, just with a cleaner, more neutral design scheme. Even if I didn't like it, I still wouldn't care too much. Of the ten or so hours I spend on my 360 every week, the vast majority of that time is spent, y'know, playing video games.

If the overall speed and convenience of using the dash is improved then I will be very happy with the update. The last overhaul I liked to begin with but after the novelty had worn off I'm not actually sure if it was any quicker.

 I will say that I still don't like that half of the background theme is obstructed, that said its a minor thing.

I hear pirates hate the new dash, Aaarrr Jim Lad! 

Visually painful, I hate squared designs, and I hate simplistic GUIs, I'm waiting for the day when we have overly intricate GUIs like sci-fi movies. 
 
In function it definitely seems better, I just wish the look didn't change. 
In fact I loved the original blade design and am still really sad I'll never use it again.

I like it, although all the dirt and dust on my monitor shows up more on the white boxes.
 
Edit: Oh, and WTF is up with all that foggy smoke obscuring the bottom half of my themes. Grrr. 

It doesn't take me half a minute to load my game library anymore.
 
All is well.

Much cleaner and more appealing to me, perhaps a little faster in loading/scrolling compared to before. 
 
But as far as how a UI should be designed and function, still pretty terrible in how its organized and makes use of screen space.

Well I have to pretend to hate it, it's new.

"My only complaint is the way the avatars and backgrounds on the My Friends tab move towards and away from the screen while scrolling. It's a bit strange on the eyes. "

Just read the following article and I think it sums up nicely my feelings about the new dashboard.

I think it looks really good, it feels faster to me in certain areas, but just as sluggish in others.  
 
But, yeah -- it's quite nice. It's fun to have new dashboard update every once in a good while, the old one was starting to feel stale to me.

it looks alright. i only looked at it for like a couple of minutes after it updated. i tried downloading the update a couple of hours ago but it didn't download. i got it downloaded and installed. it looks more simple and new intro video.

I hate it to be honest. The new dashboard is visually a step down and it makes absolutely no sense for it to be flat now because you can see less options at any given time. Obviously they decided to make it 2D for Kinect but it annoys me that people who aren't using Kinect have to suffer the new design as a result. And it takes way longer to scroll to end of each block using the bumpers. The new guide looks bloody awful. Seriously, I'm no graphic designer but it looks so unprofessional, and it seems to be less fluid than before. Oh and the dash froze on me twice already. 
 
So yeah, big thumbs down here.

I really like it. I like the minimalistic design and also i think its great how far they have come since those hideous blades.

Even though I haven't updated the console yet, I will say I hate it. 
 

I am liking how everything is organized now for the most part and it all looks much cleaner. Now.... If only I could use the ESPN app; It is no fault of Microsoft that I cannot, but that my ISP is not part of ESPN's network.

It's a lot cleaner and snappier.  Netflix is awesome and the Zune app doesn't seem to be completely retarded anymore.  I also tested out the voice chat earlier and it definitely sounds a lot better.   

I live the new dashboard... jsut one problem I am having....the menu that brings up the updates and downloads is taking forever and a day............

They totally effed with the voice chat. Talked with a friend today and he and I were both amazed when we discovered that it sounded like we were talking through some old telephones or something. Sounds a bit clearer but it's strange.

Not me and I'm happy with the ESPN app.  Esp since I have comcast.
 
 
so there.

 It seems that more people like it then hate it.  I'm really surprised. 
  
To be fair, I don't hate it entirely.  
I don't like the obscene amount of white when hitting the xbox botton and, save device selection screen. (the new icons are shitty too forr your devices)  
The new achievement icon pop seems funky, i overall dislike all the new sounds. (the kinect tutorial thing is a painful wii rip of music.)  
  
 (I play on 2 Tv's  1 HD , 1 SD)   
 In SD almost everything looks fine minus the theme  and, your gamerscore / message notifications, the font  is way too damn small.  
 
I've heard a mixed bag on the games library loading time. Mine took a really long time before and, it seems shorter now but, still takes a while.  
 
Overall ..  for me it's 70% hate / 30% like 
I hope it grows on me
  
Thanks for the thoughtful discussion everybody.     

it doesn't bother me.  i don't spend enough time on the dashboard to hate it.

besides the fact that my xbox has slowed down a little. the search function in netflix is a welcomed change. Also the movement through the menus is a lot smoother and well designed.