Good lord. I haven't been on LW in quite a while, but I wholeheartedly agree.
The collection of articles currently on the front page are painfully useless to someone looking to discuss "the art of human rationality" rather than be inundated with content blatantly serving the interests of a particular company/organization.
This content will (for the most part) appeal to people already in the fold. But what, in any way would a newcomer to the site gain from articles titled:
Are these massively unfair oversimplifications of the actual content of the articles? Yes. Are these roughly along the lines of what a newcomer to the site will hear in their brain when they look at the front page? Almost certainly.
For some time now, "Promoted" has been reserved for articles written by MIRI staff, mostly about MIRI activities. Which, I suppose, would be reasonable, if this were MIRI's blog. But it isn't. MIRI has its own blog. It seems to me inconvenient both to readers of LessWrong, and to readers of MIRI's blog, to split MIRI's material up between the two.
People visiting lesswrong land on "Promoted", see a bunch of MIRI blogs, mostly written by people who don't read LessWrong themselves much anymore, and get a mistaken impression of what people talk about on LessWrong. Also, LessWrong looks like a dying site, since often months pass between new posts.
I suggest the default landing page be "New", not "Promoted".