Ironically (or not) jitbit.com is a similar percentage of content above the fold, with almost identical content width.

I say 'or not', because there are well established readability reasons for having a narrow content width. Would many people genuinely prefer the google of the 2008 screenshot? The days of sites with full page width text are largely gone, and for good reason.

I'm sure google would also suggest that the ads are content.