From what Eric has said, essentially the only magazine that is currently not in the crosshairs of cancellation is Dragon. Now, having said that, which would you the readership prefer to have; A non-existent magazine upon which the only way to have adventures is to either buy pre-established modules for an average price of $11.00 (or cheaper if you buy pdfs or a subscription to Dire Kolbold) or craft your own, or a magazine with a varied amount of content to maximize the marketing potential of what numerous fans are looking for and tried to satisfy as many as possible?
If Dungeon and Polyhedron were to be cancelled, would it be the end of the world? No. Life goes on, deal with it. However, I do think that a solid resource would be lost to the gaming community. Despite everyone's gripe towads one direction or another, wouldn't it make sense to wait until we see the next couple of issues before denouncing the magazine and staff because it does not meet your preconceived expectations?
I am skeptical as to the quality of the magazine, but I am witholding judgment until I get a chance to read it. Personally, I don't get a lot of use out of either on a frequent basis, but it is always nice to have a resource to fall back upon in the case of a quick pick up game or if only a couple of gamers show up and you want to try something a little different without spending hours generating new characters for some new setting (ala Spycraft, Dragonstar, or d20 Modern). That is the beauty of having both Poly and Dungeon contained within a single mag. You get a strong sense of versatility.
The only unanswered question I have remains regarding subscriptions and the number of extra issues. Under the old plan, a 3 yr subscription meant you received 18 issues. Under the new plan, these 18 issues would cover an 18 month period only. If only 2 additional issues are credited regardless of existing subscription status, then I will receive 20 issues and no more. But if the intent was to grant 2 bonus issues per year of existing subscription, then I would at least enjoy the benefits of 24 issues which would be a full 2 years worth rather than the 18 months I am initially looking at. Does anyone from Paizo care to address this questions which has been asked numerous time by myself and others??