Dating sucks, but I'm still more uncomfortable with the idea of somebody's initial meeting being reduced to matching algorithms.
Either way, I don't see how online dating will ever not suck. I have no clue how it is in gay communities, but I do not see straight people's problems ever being different: i.e. Women having to deal with the ocean of terrible men, and Men having the problem of trying to stand out in that ocean (and in some of my male friends cases, not being so picky).
For example, HNers talk about online dating as though they think they aren't being sized up in real life based on their looks and how they dress. And that it wasn't until Tinder that people started doing this.