I think the new website looks a lot more professional and explains the goals, innovations and scope of the project more clearly. A step in the right direction!
The fonts are bad (tagline matches blurb font, really?), the video is a raw unstyled embed (it's an eye sore), and the gradients are dated.
It looks like it was designed by a developer, it looks bad. The previous looked reminiscent of an eye for design (though it lacked in UX).