This seems to me like a classic case of designers thinking of visual "prettiness" first and actual utility second.
Facebook did this for a while with Timeline, until they fixed it with the newer Timeline which keeps the posts to one column. It really looks like Google+ is just ape-ing Facebook design, even when the design has implicitly been admitted to have been a bad idea.
I am willing to be persuaded otherwise, though, if someone wants to make the case.