It's always nice to welcome new apps to the platform, and I applaud the sentiments behind the creation of this one too.
However, I think that any MoDaCo news widget would only be of any use or great interest if there was more MoDaCo news to enjoy. There are many days - sometimes a string of days in a row - where no news is posted, and headlines are often posted long after they've already been up on other sites such as Engadget, Boy Genius Report, or even msmobiles.com, for a while (and by which time, it's not so much a case of reading what's new - more a case of reading MoDaCo's coverage of what was new a couple of days ago).
Please don't get me wrong - I'm a huge fan of MoDaCo (and I have been since I bought my first WM phone many years ago, the Orange SPV E200 / HTC Voyager), but the availability of the latest WM news has never really been a part of my decision to keep returning, simply because the news side of things is something that has always appeared like a fairly half-hearted effort on this site, secondary to the much stronger and more appealing offering of the forum-based community that exists here.
The forum and community elements are, in my opinion, the great strengths of MoDaCo; if you're going to offer a new way to digest the latest news postings that are made, I'd humbly suggest that the news offering itself be in some way reinforced too - there's not much point in downloading a widget to my handset that's going to be telling me there's no news to report two or three times a week, or where I have to wait a couple of days for MoDaCo to pick up and report on something that other sites have already covered earlier in the week.