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I think I know what you mean - the site has recently become just barely usable on the simplest of its pages. But as soon as you do something that happens to poke the "JavaScript VM" the wrong way (crazy things like, idk, looking at recent postings by date, viewing a user's recent contributions to the site, or even just opening a popular post w/ lots of comments!), it just grinds to a halt. It's maddening.
The Lean Startup way suggest releasing a project early even when the first release has problems. I don't think there's a problem with LW2.0 being developed according to those principles.