I'd agree. WAY too many features. Start simple, and allow people to get used to the basic site. The introduce the features back in one by one.
Improved interface and sleeker design would be great (see wordpress/buddypress)
The ability to create new groups. I just tried to create a group for Scottish skiers and boarders, couldn't figure out how.
Less focus on commercial features. This is meant to be a social network, so user submitted content should get priority over commercial stuff although I do realise a balance needs to be made in order to make money to keep the site running.
The profile pages seem a bit impersonal and generic. A link in with facebook/twitter would be excellent.
Less sub forums. This dilutes and spreads out the of posts in the forums, and means it often involves more "clicks" to find an article you are looking for.
If you want anymore opinions please don't hesitate to ask.