I managed to get a demo login, and you're correct, I was disappointed. There just didn't seem to be a lot to the system and the design and layout was awful. Its no wonder they don't post any screenshots or online demos on their site.
We have a demo in April of the new SIMS Learning Gateway and web parts and have seen their new online demo inside a sharepoint system. Dare I say it, it actually looks pretty good! I'll believe it when we have it installed on our own system though