Digg, is it realy worth it?

For a while the social media site digg was the most popular site on the web. Everyone and anyone used it for almost everthing. It provided links, it caused a page to be immediately cached. If you could convince enough people to digg your article then many millions would see the article and you would gain branding strength. There was even a rumor that Google wanted to buy the site for 200 million dollars.
All of a sudden rumor backed by fact confirmed that digg was not providing back links the way it used to. Many people stopped using Digg altogether. I personally forgot about it.
I guess digg heard the complaints and decided to do something about it. They are calling this the new Digg and according to Digg CEO Jay Adelson this upgrade of Digg will be cardinally different then the old Digg. I hope he is right.
The main problems with digg were the many false diggs that a user could manipulate to help him get his articles many more diggs. There were even companies who provided large of amount of Diggs for clients. The other problem was that people needed a long tedious sign up process to use the site.
Digg claims to have solved these issues in the very highly publicized release.
Do you Digg?