In the spirit of the OP, I'll reply without reading any of the comments either (apart from that there are loads!)
I do think it serves the same purpose it always has done: drama bunker, quiet corner, somewhere to retreat to when shit is going down on other chans (or other chans are just down)
Sure, I detect that you want more from it and are disappointed when it becomes quiet. To me though, it's that friend you always know you can go back to - you might not communicate at all for months or sometimes even years, but you're always there, the same old you, ready to pick up a comfortable old friendship at any time as if it was only yesterday.
It's not ambitious, if that's what you're looking for, but it's definitely a purpose <3