Without the line delineation, I found myself with the mouse hovered over the left column trying to move the main content and wondering why my scroll wasn't working. If you have tall enough content in the left sidebar a (non-standard) scrollbar appears (sometimes). But if you don't have content there, or aren't moused-over the correct areas, you don't get any indication of what's happening.
If the page was a normally scrolling page with no frames, the whitespace is not terrible to me. The way the page functions, it needs the 1px frame that Google+ has.
When it's so low-frequency (wide) that it doesn't trigger the edge-detectors in your retina.
Analogy: it's easier to cross a lawn than to scale a wall.
Edge-like features create an intensity wall in the image signal, whereas plateaus of do not.
There's a clear biological / image processing basis for this.