This just shows how you must always optimize the UI for the primary task. It is never acceptable to compromise usability to improve style.
On small devices screen real estate is premium, so don't waste it with margins like this. Though I have to say the design looks nice, too bad it wastes so much space.
This case is fascinating. I don't know much about cycling, but I tend to side with Armstrong in this case. Will be interesting to see how it continues to play out.