Crosmando: Yeah it does seem that way. It does look like you can "subscribe" to a series, does it tell you when a new chapter/volume is out? I remember the old MT also used to do this thing where it would strike out (l̶i̶k̶e̶ ̶t̶h̶i̶s̶) a volume/chapter when you downloaded it, so if you returned to the page and an old volume was no longer struck out it meant a new version of it had been uploaded (better scan or better translation, etc).
it sorta does that, yes. At one point I could receive RSS notifications for the uploads and filter those that started with [v] so I was only notified of volume uploads, but it was unreliable and I don't recall being able to properly select series. It's all very messy, specially listing the downloads by uploaders. I offered to be an uploader, but then I had to register for each series and kind of "take care" of it which I found somewhat off specially when it came to downloading. Having a dedicated uploader for a particular series is a nice option, but making it required to upload and having to switch between uploaders of a series to find the files you want is quite annoying. Not to mention duplicates.
This was all from a few months ago though, I currently no longer follow any manga. Quite disappointed with the lack of a forum too. You may want to check madokami too, but the registering was a bit complicated and it's not much better than the new MT; but you can still download manga by the volume so...
BTW, it's quite the rebuttal to the whole "piracy are lost sales" argument: you take away my pirate entertainment from me, I go entertain myself somehow else. I do not go jump through hoops to try and get a fraction of what I used to have.