I don't care either way. It may look bloated to some, but it was always that way. They always presented a lot of information.
I guess my iGoogle page does that as well, although it's news that I deliberately chose to receive. That's the major difference. Yahoo!'s site should automatically load like an iGoogle homepage, except the first time you visit Yahoo should require an initiation/setup where the user must tick checkboxes for the type of news you want to view. Otherwise, Yahoo! always presents news and information I'm not interested in, and it's hard to compete with a personalised, "bespoke" homepage like iGoogle.
My mum didn't know how to set up iGoogle, but I'm sure if there was an initial walkthrough on Yahoo!, she'd be able to do it.