For what it's worth, seems to me like nobody is reading the new page much any more.
Used to be I'd submit an article and get 60-150 reads as the article dropped off the new page. Today I submitted an article http://news.ycombinator.com/item?id=1723576 and got only a couple of dozen.
Now perhaps you guys have managed to figure out that all of my articles suck all of the time, but even then you'd think with 10x the traffic it would still translate into more initial readers from a year ago.
I'm not trying to complain that nobody upvoted my article! Hope it doesn't sound that way. I'm much more interested in the lack of drive-by readers now as opposed to a year ago and what that means for the site.
If you'd like to hear me complain, happy to oblige. Meanwhile the front page has gossip stories about how a lot of Angels are actually assholes, some famous guy quit Oracle, another guy rags on .NET, Uncle Bob is a great person, and more Google/Apple fluff, along with the more usual HN material.
Just seems kind of strange. Don't know about you, but all this industry gossip, fanboy-bait, and the lack of user-generated content drives down the quality for me in a big way. Combine that with a lack of readers from the new page, and it seems like there is a feedback loop setting up. It's not that HN is turning into reddit, but it seems like the mechanism of HN itself has changed significantly.
However not all stories are created equal. Most of the stories on that page are from noob users who want to jack up their karma. Hence, the deluge HN on the weekdays (only dedicated ones stay around on the weekends) leading to this difference between the weekday and weekend articles.
How can we solve this?
One simple way to do this would be to post noobstories only to the noob stories page and sort the entries not by time, but by karma of the user as well as the votes given like the comments.
This way we could have a quasi front page which will create a positive feedback loop. Hence, there will be an implicit reward in going to the new page which will ensure that only the good stories were posted. Also, since older users (by karma, PG's metric) who are more settled in and are less likely to do karma antics it won't overflow every minute or so.
However, this might create a barrier to entry on HN and perhaps that's a good thing. This would force people to comment and get karma before it shows up over there. Hence, ensuring that the quality get maintained.
All in all with the same code behind the comments the new page problem can be solved.
(update: wrote a lot more detail)