Great job on the redesign. I've been following Khan Academy for a long time and the new design is great leap in usability and the playlist feature is excellent. The old site required a lot of in-browser searching and definitely was not as appealing to younger audiences.
BTW: Sal's TED talk was very inspiring and really demonstrated the amazing potential of his work. It's great to see all of the recognition and support he is receiving and the excellent team now in place. His talk even inspired me to start blogging about Education last month -- see the first post on Education2.org [http://www.education2.org/2011/03/welcome-to-education2-org].
That said, the sketches/mockups that led us to the current iteration of the design also included both the idea of featured content in the main video carousel and different homepage content for users who are signed in. They didn't make the cut yet, but we haven't forgotten about them.
Ultimately, I agree that we want to make it as efficient as possible to get to the content you want quickly, and I don't think we're there yet.