Hi,
I'd suggest something similar to what Gmail currently has in it's mail views: The subject is on the left, and then the begin of the mail follows immediately in a greyish color. At the right hand, it is cut of and the time is displayed. For those of you who don't use Gmail, I attached an image.
Of course, one could also make a node span over two lines - The first line holds the title, taxonomy terms and so on and the second line below the first words of the node's content.
Konstantin