I dislike it immensely - The new website is impractical, it's got the same horrible features of the new AirNZ and JQ home pages.
Pretty is nice, until you need to use it.
Only the top ~30% of the front page content appears on loading and one has to scroll down to see more.
The old site was far more compact and useful. For a look at a far more practical sites, check the
Velocity Frequent Flyer | Frequent Flyer Program of Virgin Australia web site where everything available on the home page is nicely packaged in a petite widescreen layout.
There is far too much content - as I indicted the New AirNZ and JQ sites have the same issues.
Try bringing the mouse down from the top of the page to a certain point (say after clicking a tab to bring the page up). Before you get to a screen element you wish to access e.g. STATUS or
Expand ▼, it gets obliterated with a 'mouseover' activated menu (
Experience | Plan | Bookings | Velocity Frequent Flyer | Specials & Offers).
Very poor designing. It's even worse when using a touchpad as it's harder to "circle" the pointer to clear the menu inadvertently activated.
This web site is not the only one with these issues, it seems developers these days assume everyone has a touch screen!
FWIW, the Velocity web page is better as the sensitive menus are smaller and don't obscure so much. (And the Qantas one is very well designed in that respect with its horizontal menus but I guess I should not mention that here

).
It seems developers these days are making an effort to pander to the pda crowd; unfortunately they are throwing the baby out with the bathwater. (This is also true of the horrible new JQ and AirNZ sites as I have already mentioned)
As for the drop down menus, they make it so much harder to access the basic functions near the top due to the instant 'mouseover' activation.
Examples of how this can be done better are the aforementioned Velocity and Qantas sites.