Institute for New Economic Thinking?

I stumbled across the web page of a new Soros-funded undertaking called The Institute for New Economic Thinking. You can find it here. The Institute is holding an initial conference (invite only) at Cambridge. Having looked over the agenda it seems like they will be rehashing now standard questions. So, while the Institute is a welcome undertaking (and is backed by substantial funding and lots of smart fellas) it is not clear on first glance how "new" the thinking will actually turn out to be.