I like it this way. They have excellent taste. The community has repeatedly proven it cannot be trusted to upvote intellectually gratifying content. pg's original HN code contained a flag for "rally", meaning the story is a rallying cry, and is therefore penalized because it's so easy to mindlessly upvote it.
The results speak for themselves: HN is now almost a top-1000 site by traffic.
They had to be phenomenal. I don't think many people appreciate just how difficult this was to pull off, or how much they work their asses off every single day. If they ignored HN for even a week, it would deteriorate noticeably.
Yet technology is at least as important. The fact that our upvotes do matter makes the situation unique -- although the mods can determine the relative weights of stories, we can still push a story upwards if enough of us are interested, and the story fits the site's original goal of gratifying intellectual curiosity.
There is no company anywhere in the world like this. At this point, HN practically defines our culture. When news stories say things like "so-and-so story about <technology> has been making the rounds on social media," at least some of them are talking about HN now. And your coworkers probably hear about the tech they use at least partly from HN.
The sole reason they're in this position is because they deserve to be. I hope they stay selective. As to being secretive, we should let them choose. If they want to reveal, fine. If not, fine. They've earned it. Even still, they've been remarkably transparent.