Here's something to pick our collective spirits up:
According to Google's infallible algorithms, 20% of the content on LessWrong.com falls within the 'Advanced' reading level. For comparison, another well-known bastion of intelligence on the internets, Hacker News, only has 4% of it's content in that category.
Strangely, inserting a space before the name of the site in the query tends to reduce the amount of content that falls in the highest bucket, but I am told that highly trained Google engineers are interrogating the bug in a dimly lit room as we speak, and expect it to crack soon.
I think these metrics are best for discovering which text would most benefit from efforts to simplify it. (Something I should do myself when writing for an audience.)
Thanks for posting the formula. I think it makes it much clearer what its limitations are, as compared to the opaque description "it measures reading level".