Yeah I agree, although I actually feel that the site, even when it is completely up and running, leaves a lot to be desired. There isn't even a nice way to get to all your own previous projects in a convenient manner unless you tag them with your name. Also the documentation used to have comments and examples, but because this was so badly implemented and unmoderated it just became another place for spammers. The current Discuss commenting along with the old original comment system that was never removed are also horrible.
The problem with trying to create your own site is that you will never be the OFFICIAL site and it will be difficult to generate near the same traffic. I would love to see someone more responsible and committed take over the domain; completely renovate the site; and get it running and moderated the way it deserves to be. There is unfortunately not even much in manner of ways to contact the site admins.
The only mod I have ever seen on pygame is renesd. I have no clue if he actually owns it or not. You might at least be able to contact him here,http://renesd.blogspot.de/
or here https://twitter.com/renedudfield
If someone did successfully buy the domain, I would love to be a part of the new mod team, but as said before, my actual website/network related code skills are fairly non-existant.