It was generated by phpbb2 mod Glance. It allows to observe news quickly, taking into account user' rights. It doesn't take away a lot of place on a vertical. There is nothing superfluous - for example, avatars, ratings. Link to last post is highlighted if this post wasn't read. Simple options: forums to exclude from listing, number of rows, maybe - fields to display.
I know about XenPortal with much greater capabilities, but it is simplicity - no extra clicks or distracting info! - what is needed most of all.
Add this feature, please!