Earlier quoted context omitted.
The question to be answered then is "what mechanisms of reputation and combinatorial game mechanics can prevent regression towards the mean?" I don't have an answer to this off the top of my head, but succinctly describing the problem as you just did oftentimes can be half the battle.
Eigenvalue/SVD upvoting. Comments and articles are ranked for you according to their ranking with similarly voting/submitting/commenting users. The frontpage (depending on how you set it up) could look like Reddit's, based on the majority of users, but to logged-in users it'd be more refined to their tastes. Perhaps you could look at the site from others' perspectives. Defining the model, computing likenesses and fin…
Superficially at least, it seems to be a good way to put everyone into a community whose size relates to the commonness of their preferences. I think this would occur as long as comments/articles beneath a certain threshold just weren't visible to a particular user.
Unfortunately it seems like a lot of calculating to do per hit, but in thinking about it, it doesn't seem to hurt Netflix too badly.