To take a step away from critiquing what you aren't finding to fit your desires, what would those desires be?
Would your ideal site list recent blog posts from blogs in the OSR? RPG Blogs in general? Be customizable and list the blogs you follow? Not list blogs at all?
Would it have a forum? If so, how expansive should that forum be? Would it have sub-forums for all the different OSR games and other RPGs, or should they be all in one general forum?
What about sections run by different people? Or would that just duplicate G+ Communities?
Should it have campaign tracking software?
A section to upload community created works for use by the community?
I'm not even sure what my ideal RPG website would entail. It would definitely integrate the blogs that I enjoy reading the most, it would have a forum (at least for the exchange of ideas - G+ is a pain to look up old threads for this purpose) but most importantly, it would be a link repository of gaming goodness.
Links for blogs, free RPG resources, other RPG Forums (perhaps with the last 5 posts from Dragonsfoot and RPGNet and others showing - so you can link right to an interesting post right on another site).
What don't I want? Ads. Minimal ads if any. They just kind of take me out of my zone when I'm trying to immerse myself. Or, if there are ads, they should be from other RPG sites - kinda of expanding the reach of all of them.
Oh, and virtual 3d chatting. Hey, if I'm going to ask for things that aren't going to happend, I mayas well ask for the world ;)