I've only played a few games with the "new" format, and it definitely seems like they take a bit longer with the larger starting stacks and timed blinds. I guess that means that I won't be able to play in as many as I used to each day, but from the few I played I think that the change is a good one. Starting at $1500 doesn't put as much pressure on you to make a move right off the bat to gather chips, and I think it will allow for stronger players to do well instead of things turning into a crapshoot because of blinds going up.
As far as the multi-table SnGs are concerned, I'm very excited about that. Most of the other top sites offer these so it is about time Bodog hopped on board.