I have been a member of r/NASCAR for nearly a decade, and it's been a great place to gather with NASCAR fans outside of the stereotypical Facebook/Twitter crowd. Niche (ish?) sport/hobby/interest subs like that are going to suffer the most from reddit's potential downfall, as there isn't another viable, easily-accessible place for members of those communities to gather online.
It was a nice discovery tool and formula1 subreddit was great (memes and all) but I think spez really screwed it up.