In Russell's Paradox the expression $x\notin x$ is used to define a set
$$R=\{x\mid x\notin x\}$$
which supposedly leads to a contradiction
$$R\in R\Leftrightarrow R\notin R$$
However, what is $x\notin x$ even supposed to mean? Since any nontrivial element is at least an element of itself, the set $R$ defined as above can be nothing but the empty set $R=\{\}$. But the empty set does not represent an object that could be compared to itself, so the subsequent comparison $R\in R\Leftrightarrow R\notin R$ is meaningless.
To me it seems that the derived contradiction is a petty and meaningless pathology, so I fail to see why Russell's Paradox was enough to break "naive set theory".
Did I misunderstand something, or is there some important subtlety I missed? What do you think?
EDIT:
After some discussion in the comments, it seems that I should be thinking of $x\notin x$ as a set statement:
$x\notin x$ being all sets $x$ that are not infinitely nested sets and in particular do not contain themselves.
But from this perspective, $R=\{x|x\notin x\}$ is a huge set of pretty much every thinkable object, excluding infintely nested self repeating sets.
That makes me wonder how $R\in R$ could then possibly follow, since for a set to be contained as an element in itself, it should be infinitely nested, no?
EDIT2:
Well, thinking about it a bit more, the definition
$$R=\{x\mid x\notin x\}$$
states that $R\in R$ is not true, since otherwise we could find at least one $x\in R$ (in particular $x=R$) such that $x\notin x$ would be wrong. That would create a different set $R'$ which would be defined differently.
Seems to me, the dilemma whether one should consider the set of "all sets that do not contain themselves" as element of itself is super pathological, since adding it would invalidate its definition. But the definition of the set may not be broken while its properties are being investigated. This suggests an unambiguous resolution: $R\notin R$ per definition and for any $P\in P$ per definition $R\neq P$. $R$ is missing one element -- itself, addition of which would break the definition which is why it must be omitted.
Instead of throwing out a whole set theory, I would have concluded from this that sets sometimes do not contain an exhausting number of elements but instead a maximum number of elements consistent with its definition.