I still prefer hard copy magazines. Occasionally, I'll look for something on a website, but I don't like having to pay for digital versions. I also don't have an e-reader yet. I imagine eventually I'll cross over, since I realize there are lots of benefits such as ecological conservation, avoids home storage and clutter problems, easier searches through back copies, wider access to related information through links, ability to print instructions..... I still like getting the glossy pages though.
I've noticed a few magazines have completely abandoned print. I was very unhappy when Craft stopped publishing print. I read the blog at Craftzine fairly regularly. Same with Martha Stewart Kids. In fact, Martha Stewart frequently starts a publication only to cancel it a few years later - Kids and Blueprint come to mind, and I haven't seen her little Good Things magazine in a while.