I waited a little bit for the reviews to come in before posting and so far they've been mixed. Wired - which has a pretty comprehensive review here - breaks The Daily down this way:
WIRED: This a serious effort to figure out how to create a for-profit news experience on an very new medium from a publisher with deep pockets who sees magazines as the future of newspapers. Who can argue with that?
TIRED: Long download, lots of crashes, somewhat clunky animation. Articles tend to the short side — neither brief, nor long form. Shades of USA Today?
The Huffington Post - which some may argue may not be a reliable source for evaluating a Murdoch product but I felt was balanced in their reporting - notes in an article that... "looking at The Daily in a browser — here's an article — the organizational or navigational structure one finds on other news sites is here absent. The Daily is not only unwilling to compromise, it's also simply unavailable online.