I felt similarly when I first saw it, but I saw that there was no java impl, and I'd been looking for a project, so I wrote one. I've been playing with it for more than 6 months and I think it's better than YAML in a number of ways. The syntax is very clear and mostly simple and the noted ability to autoformat is no small thing. I think it aims for a niche, and hits its target pretty well.
After dealing with a bunch of really hairy, complex, node-based data processing for a few years, I'd sooner roll around in a dusty sandbox with my eyes taped open than purposefully invite that into my life again... but if I suppose if you're doing something that dumb in your config files then the config format isn't the problem, anyway. Cheers.