Short version is: they used to, and got busted for, serving answers to the spiders and ads and pitches to the surfers. So now they show the answer at the bottom of a pile of ads and pitches.
But they still suck. Horribly. And are the number one example I hear when people say "I wish Google would let me blacklist domains".
That used to be the case, but the complete page as it appears in Firefox to me now: http://i.imgur.com/Lw0Mh.png.
The indexed content is blurred out and there's a big ad overlaying it, with no close button or other method to display the content, other than the Google cache link.
So, here's the difference that I found. If you're coming from Google SERPs (the referrer is Google) the answer is shown near the bottom. If you copy and paste the link into a browser (empty referrer) I get the results you show in your screenshot.
That screenshot was most definitely taken with Google as the HTTP referer. (I'm too lazy to cut-and-paste the URL from the search page into the browser, I just clicked the link.)
Clicking the link again shows the additional content at the bottom of the page as you described. So there's some other algorithm at play.