It's pretty clear it was designed with ads/promotions in mind because as soon as you turn all that stuff off, there's just huge amounts of wasted space not being used.Yup the newer UI is an abomination.
Hopefully a future update adds an equivalent of the old Home bar back again. Credit where due, LG do support their TV range well, my B7 was still getting updates this year (albeit no noticeable changes made).