I think the thing I hate the most about it is that white space is significant. It's like we travelled back in time to the early days, and picked up one the bad things about them and brought it back. I find that makes it more difficult for me to read, and more difficult for me to write (from a mechanical type-in-the-code point of view).
I have other niggling issues with it, but if the white space thing weren't an issue, I doubt the other issues would bother me enough to complain about them.