Pretty neat design and a great amount of options in the theme settings. However, the theme is too post-centric and many of its features use custom solutions where they could have integrated with WordPress functionality.
Post-centric: you can only get the impressive homepage look if you set your homepage to be your blog page. Why not provide a page template for a static homepage? Why limit the display of featured images to posts?
Idiosyncratic: the Homepage Blocks are set on the theme settings page. It would be better if the user could choose pages or posts to populate these blocks — that would be easier for the user and lead less to theme lock-in.