Just a guess, but it appears the new format is set up for PC's and not an iPad? When i hold my iPad vertical, the ads above the St. Louis logo dont show up. If i hold the iPad horizontal they do show up. I still cant find the "recent post" option. Other than that, i like it.
I haven't tested with an ipad.. The "recent post" option should be the "new posts" option that you see at the top menu area that is in the gray background.