... except the performance.
I was curious about how the new model compared with the tried and true methods in terms of speed, so I whipped up a simple jsperf benchmark to gauge how different aspects of the two object methodologies performed. (And I'm not the first either) The results, frankly, were rather depressing.
On my iMac with Chrome 14 (dev channel)
new Obj() is currently outperforming
Object.create() by a factor of 10! Seriously! 10 times slower, and we've lost constructor functions along the way! Fortunately member access and function calls are virtually indistinguishable performance-wise once the objects are created, which is good (if expected). Sadly, however, utilizing Properties (one of the big bonuses of the new model) is painfully slow. My tests showed a Property to be 200 time slower than a good old setFoo/getFoo pair. The numbers are about the same on Safari, though Firefox showed some interesting variations. There wasn't a single platform where the new model could be called a clear performance winner though.
Of course, the feature is fairly new and hasn't undergone the rigorous optimization that some of the older methods have, so I would fully expect to see these numbers improve moving forward, but for now if you're performance conscious you'd do well to steer clear of Object.create.