It sucks not to have the magazines. They are something that I look forward to 2x per month (1 dragon, 1 dungeon). Even if I don't use material from the magazine, it always is a good read and something that stimulates the imagination.
Without the subscription, looks like I can go out movie and a dinner once.... Really, it was the best entertainment value for me, a few hours of entertainment each and every month. Now I can substitute 1 or maybe 2 books for the whole year for the same price.
It is a no brainer for me that WotC's decision sucks for me. I'll not be leaving the gaming hobby, but I am planning on supporting other game systems altogether. WotC does not deserve my dollars for this plan, although I am not overly bitter. If the new offerings (online) really knock my socks off with quality, presentation, usability, etc. then I may forgive them and refresh my support. However, I feel this decision was ill-conceived and probably just a profit mongering step for them, so they really have their work cut out for them to change my mind.