Take the HN frontpage as it is right now. I bet you can read a good 80% of the links with lynx and company right now (except, ironically, for the comment on HN itself because they are not correctly indented).
The actual problematic part of the web from the command line is dynamic web application (in this case I see a couple of links to youtube).
I've done a quick check and you're right about the current front page. The BBC story about WhatsApp is the first one that's really unpleasant to read (page 5/15 is the first with content, 8/15 is the last with content.)
The engadget link about Jolla is the worst because it somehow ends up as white text on a blue background.
The actual problematic part of the web from the command line is dynamic web application (in this case I see a couple of links to youtube).