This is the worst format I have seen in my five years here.
The design which you are attempting to phase out was certainly not perfect, but it had many good aspects. One could see what a channel is all about with a quick scan, and see other channels which appeal to the channel creator.
A much less important, but still nice feature was the customization allowed. Information could be arranged as the person running the channel saw fit, and colors could be used to indicate a tone.
This new design not only fails as far as user customization goes, but in one of the primary helpful features - finding channels of interest. Now there is no "recommended channels," Channel descriptions must be "uncovered" with a click of "more," I have not yet figured out how to view channel comments without posting something first. One more common path of networking gone.
There is no redeeming feature of the new design. I am not joking when I tell you that this design is so wretched that I wondered for a couple seconds if it was April Fools day.