Is this the Xcode in the app store, or do you still have to download it from the developer website? EDIT: I missed that Xcode 6.1 was released yesterday. Thanks. It looks like it's just an online Playground - why not just use Xcode?
Excoriated? I had to look up if that word has a second meaning, because to me that sentence you wrote says that the public scratched him until he bled. Apparently it can also mean to criticize severely. Thanks for expanding my vocabulary today! (Also, I don't think the triple-tap to define gets enough attention on OS X.)
Maybe this is like an iMovie or Final Cut situation, where they're building a new look and design first, then planning to add features back in a future iteration? Or do you feel that's being too optimistic?