wow that is a bit harsh! i think it looks really good! what an improvement from the previous ad... and it actually had some nice facts and interesting things - with one ad?! what would you want out of a newsletter?
Ok so I can see one proper advert and a couple of links but to be honest I still think it's less commercial than the previous design and it sure looks better.
I think they have done ok to combine half commercial oriented subject matter with half topical stuff. Personally I think it could be a bit longer with more content.