It's different from the newer languages, it's different from the older languages, it's it's own thing. I find it really beautiful for that reason.
Who knew you could do that in a programming language? Not sure I would have ever thought to try.
I even love the above sample while loop, you can tell the person who posted it is good because they can't create too heinous an example. The <> and $_ provide what I think of as visual anchors that describe a path for the data to follow. Obviously some style minded author could do it better, but it's not bad. The real line noise is from the one-liners for systems tasks I think.