They said that the new blogger has new and better features, so I tried to play with the template as well. This is the template I chose to play with the new blogger template features. It is called Mr. Moto and was done by Monsieur Zeldman. I have seen and read quite a bit of his work and he is awesome.
I have just played with blogger's GUI system for setting up the template and page elements. The only change I made by hand was decreasing the size of date and increasing the size of post title. Before I start doing more digging in the template manually, I want to say that blogger's template system is pretty impressive. One can even move elements by a simple drag and drop. If you haven't tried it, do try and I'm sure you will be happy that you did.
One thing I missed is selective font size/family settings. The present font settings apply to the whole page. It would be wonderful to have per-element font settings.
PS: I wonder how it works on other browsers e.g. Safari and Opera.