I installed this on my dev server to test it out and I really like the design. I like the highlighting of the latest post with a two column display of titles from older posts. Then the right sidebar contains the Lifestream with an ajax selector to scroll up and down the items listed. There is also a very nice custom archive page included as well as a built in contact form.
The Lifestream admin screen has support for Flickr, Delicious, Magnolia, Twitter, Pownce, GoodReads, Last.fm, and Facebook as well as 4 custom feeds with support for custom icons for each of them. This is a good start and hopefully they will add support for more in the future.