Yikes...
Well, if the whole site is showing up in a rectangle, clear your cache or force-reload the page. The background will still be the light color until you go to another page though. Other than that, it seems to be working.
With that said, it's a very mediocre site design. While it is trendy to use less images and more text these days, they haven't quite mastered that trend. The excessive amount of similar looking, small text really hurts the usability of the site -- especially with the navigation. The actual imagery on the site isn't bad (aside from the header), and they should really use more of it, as they seem a lot more competent designing with that instead of text.
On a positive note, the coding itself on the site is a lot better. A lot more of the site is automated, and you can actually view sub-pages in browsers other than IE. That's no excuse for the mediocre design work through. Programmers don't design at all
Overall, I'd say the site is slightly better than the old one, but primarily just because it works in all browsers and has a higher degree of automation. They've taken the "//" thing to an extreme though, which has really decreased the "coolness" factor of it. The site definitely has a more fitting look overall, but it could be MUCH better.
On a final note, if they really want to sell memberships, they should list all of the exclusive media you get, just not give access to view it.