This site is pretty awesome compared to others I've looked at. It has an easy and intuitive interface which makes buying and selling shares really easy.
I did like that the system is open such that all assets are publicly listed by Bitcoin address. The reason being that if BitFunder were to close the actual asset holders wouldn't have to wait 2+ months get a list which is something most of investors from GLBSE are dealing with currently.
Ukyo has been very responsive to questions about how it works and addresses any problems immediately. While the terms and conditions seem daunting, I don't see how it is different from any exchange that claims their assets are not real and immediately claiming they have no actual value.
I really can't wait for more assets to be listed on BitFunder. I'd suggest that all GLBSE asset "fugees" take a look at BitFunder's sandbox and see if it will work for them. Then immediately list their assets on the production site.