The site is new, the first entries are from early July. The underlying complaint behind most of the postings is the bad customer service provided by Airbnb.
From the site:
What happened to good customer service?
AirBNB has grown too big and corrupt to care about the guests and hosts it is supposed to be supporting. Read airbnb reviews and complaints here before using airbnb!

Also worth a read is the story where I found the site, Lifehacker's "How Can I Avoid Getting Screwed on Airbnb?"
In other related news:
After Home-Trashing Incident, Airbnb Builds an In-House Enforcer Team
In other related news:
After Home-Trashing Incident, Airbnb Builds an In-House Enforcer Team
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