It's all about the click game. How many clicks can you get out of your freeloaders (ie regular visitors) to help drive ad revenue up? The old way was a home page with 3 or 4 articles and then a next button. Now their method seems to be small snippets from articles, with more listed on one page, but more clicks if people are interested in any stories.
I am moving more towards Tony's camp though. RSS never really worked well for me until the iPad and Flipboard. Now I'm using Google Reader to power it, and have also reduced the number of sites I pull info from. Initially I plugged in all the sites I regularly visited, and it was just dupe city. Now I'm down to just a few sites, mostly with content that is more journalistic in nature, instead of the quick blog style.