Simple is better. Display only vital information or information that users will want to access regularly. It's what every major website has been moving towards.
While I don't have a "user profile" example, look at these screenshots of iStock as a case study:
Look how much information is on that page! Where do you go? What do you pick to read? Frog face, Startup Bundle, How iStock Works, login and then a help center. Tiring!
Each "frame" (as in, how much the user can see at once) on the new site has one purpose. Search, then categories, then #repicture. Users know exactly what to do to access pictures - the primary goal.
Sure, they may be curious about the credit system - which the new layout doesn't show - but they will know that this is more obscure information and will need to "dig down" to find it.
It's similar with account profiles - there are aspects people will want to access straight away, like iStock's search button. There will be some people interested in looking at more obscure info - like when they last logged in to the website. But showing this to everyone is alienating.