Having a features page which explains that in a little more detail might be beneficial. Same with have a feature 'grid' that compares your service to others.
I have signed up and am testing it out, so far it looks very easy to use. I do like the visualization with Google Maps to get various response times. Very impressive.
I would second this. Some of the features look really intriguing -- like the uptime graphs and the global visualization -- but I want more info -- like how often my site is pinged and from how many different locations.
Will definitely add a features list then, I was thinking I was already overloading the user a bit on the homepage but having a separate link to a detailed features section means those that want more information can get it.