It basically depends on the type of audience. If it is a techie audience, such as here at DaniWeb, members like to see different types of articles and tutorials - especially linked right off the homepage. The more content, in the fewest number of clicks, the better.
It may be different for a non-techie audience, however. They need very easy navigation and to be directed where to click. They don't always like a lot squished into a little area because they get overwhelmed very easily.
However, I'm trying to find the answer to the same thing right now. DaniWeb's homepage has links to the latest 3 tutorials, information about the latest code snippet posted, my recent blog entries, a listing of all of the categories and forums we offer, and the latest threads in each category. Think I'm doing it wrong? I, too, am looking for the same answer as Atomica.