Still haven't made up my mind.
I've found the App to be very unstable. I quite seriously cannot remember ANY iPad app giving as many problems as The Daily: It takes forever to load, and at least half the time it crashes before you get past the splash screen. If you are lucky enough to make it into the App, it frequently seems to freeze or stutter.
Apparently there was an update in the last day that fixes some of the problems. I'll withhold judgement till then.
News wise: Like others, I agree its a bit short on actual "news" - no business section, etc. and too much Hollywood fluff. On the plus side there are some well-executed bits: like the celebs favorite Apps, the crossword and sudoku, etc.
Note: I just downloaded and installed the latest update: Same problem. It crashes while loading. Simply unacceptable!
Edit #2: It helps to first delete the existing App, and then restart the iPad, and then reinstall the latest version. It seems much more stable now. This is an improvement. But quite frankly, one of the things I generally LIKE about the iPad is NOT having to do things like this to get programs to work.