It's absolutely useless. A classic case of form over function. A bit like X1, everything seems to take an extra click to accomplish what you want to do. For example, I only have the 'Direct Link' field visible under an image and on the old version I just had to click in there to copy it. Now I have to right click and select 'Save'.
And I don't want to tell a 'story' or slide in images from Facebook, or any of the other crap.
I tried it out when they first gave us the option but swapped back once I had the chance. I even filled out the bit about why I was changing back and left my email address after agreeing to be contacted about my decision. I did get a short survey off them which I filled in with all my gripes and moans but haven't heard anything since.
Mind you, at the end of the day it is free, so I suppose you can't really complain too much. It just seems so daft to change something for the sake of changing it - especially when the old version works perfectly well.