It looks vaguely like that. Notice how all the menu links are clumped together? The same is true for all the action links anywhere eon the site. I may be old (38) and fat fingered, but I often will tap the wrong thing because they're just too close together and the targets are too small (plus they are text links, and not buttons.)
Actually reading text is not the worst part (though if I want to zoom at all then stuff scrolls off the page, since it won't reflow on iOS when you zoom, and browsing becomes miserable then.) The worst part is trying to interact with the site on mobile. I basically just don't do it.
http://i.imgur.com/K6ov1pv.png
What does it look like for you? You might want to let hn@ycombinator.com know.