Yes, even I thought the same. I hate that the home page has a lot of content that I have to scroll down to view (at 1440x900 resolution).
http://ibin.co/1kret3oW7caZ illustrates whitespace wastage in the blog
Edit: Added an illustration
http://ibin.co/1kret3oW7caZ illustrates whitespace wastage in the blog
Edit: Added an illustration
there is no such thing. Think more whitespace equals more focus around the content and less clutter.