Bubbly is the style nowadays? No, bubbly is "Web 2.0" and all the buzz words you may associate with it.
The web isn't glossy bubbles anymore, it evolved to be cleaner, flatter, and more content oriented.
Look at the redesigns over at Google - Gmail, YouTube, G+, even Google itself. Look at Vimeo, Twitter. Show me the bubbles.
I don't dislike the presented design, it's good, but if it's not modernized it won't last for as many years as you'd wish.