Also there are many active topical boards like /an/ /cgl/ /fit/ /u/ you're not reading!
People really do hang out on 4chan, though it's lost some share recently to 8chan, but 4chan is certainly a very large forum, the 200k+ current users, as displayed on their homepage too, confirms this.
For a place where you don't have to worry about drive-by downvoters, for all its faults, 4chan is excellent for getting your opinion across.
I don't know how accurate this is, but to put some numbers on it, Reddit seems to be #9 and Twitter #11 according to Alexa [1] and 4chan is rated much lower [2].
Although, Hacker News ranks higher than I expected [3], which seems suspicious. Perhaps there's a better way to measure it?
[1] http://www.alexa.com/topsites [2] http://www.alexa.com/siteinfo/4chan.com [3] http://www.alexa.com/siteinfo/ycombinator.com
It'd be harder to get away with on HN, but maintaining the illusion of a tight-knit community for as long as possible is pretty crucial to the site's success.
Communities with better moderation are apparently more popular.