What reddit really needs is a ranking engine recommending users, submissions and comments to you based on the users you've friended and the comments and submissions you've upvoted. Just take a quick approximation of PCA/SVD/eigenvalue/tachyon-polarity and let the users see if they like it.
EDIT: Another simple idea is ranking comment trees by their first few comments instead of ranking them just by their first comment. I'm going to read the immediate replies of the top post either way, and I'd rather get three or four good comments than one great comment and two or three crappy replies to it.