Yes, "shit sandwhich"... at minimum.

Supposedly steemit.com has been working hard since the last hardfork... and all that i have seen happen is, they made the bar at the top move... and have added advertisements.

I could have done each of those in a day of programming.

So, what are they really doing?
Well, all that i know that they are doing is running the biggest most used STEEM server.