Cool, I'm liking this look more than the previous one. It would probably help to know a beta tester who can confirm or deny some of the core features of Home before saying that Live is better. Honestly, I don't care because I mainly want Home for the online features it's going to be bringing. I'd probably use the Home environment to play mini-games and such while meeting with people to jump into games as a party (and stuff like that) is what is interesting me the most.
Also, spaces for video game developers and advertisers are interesting as well. Obviously, I would expect lots of ads seeing as it's a free service, but you get to see ads on Xbox Live so what's the difference? I think it would be interesting if advertisers would like give out items in Home such as a Pepsi T-shirt or something like that and you can choose if you want it or not. I think that would be interesting and still, you don't have to use Home to it's fullest.... It's a choice really.