I'd like to add my voice to those expressing dissatisfaction with the miniatures and video game coverage in Dragon. Overall I like the new direction, and the novel coverage is OK by me - I discovered many of my favorite books and authors through the book review column in Dragon years ago. For my tastes, however, video games should be mostly left to video game magazines whether they're D&D related or not. "Silicon Sorcery" has been my least favorite Dragon column since it started, and I would really prefer not to see pages wasted every month on video game information or conversions of things from video games. As for the miniatures game, I realize that WOTC probably wouldn't be happy if coverage was dropped completely from Dragon - but isn't that sort of thing what Undefeated is for? Overall I like the tighter focus for Dragon and Dungeon lately, but I would prefer to see Dragon tighten up a little more and be the magazine for "People who play the D&D RPG" and not so much for "People who are fans of D&D products in general". There are better forums for the non-RPG products.
That being said...both magazines are the best they've been in years. I, for one, will keep happily buying them.