It seems that a lot of similar popular sites have a depth of 1 and I certainly find those frustrating to try to peruse.

Some of those have fewer and larger threads though I believe. Slashdot, for example, limits heuristically (sometimes you don't even see first-level replies) but traffic is much higher there. Userfriendly forums has one large main thread per day which would be ugly to show in full.

In reply to Re^2: Default depth for replies (improvements) by ambrus
in thread Default depth for replies by igelkott

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