My thoughts:
I have subscribed on and off for the last ~15 years. Over that time much more "off" than on. Quality has trended consistently and rapidly down.
The cutting of a check with "L.P. Brezny" in the payable to line is reason enough for any editor to be driven out of the publishing business and into something more appropriate to his sensibilities, like honey wagon driving or maybe adult theatre mop and bucket operator.
And the "How to buy a shiny new layout boat to kill your limitz of extreeem diverz" stories... or worse yet the "how to kill extreem limitz like a badass with guide X," whom if you've actually met him, you would know as a man who marches somewhere near the banner-and-baton end of the parade of flaming assholes, and whose clients shoot about two buffleheads and a cormorant a trip on a stretch of river that's home to about 20,000 bluebills (though in their defense they do it out of an extreeeeeeem DUCK DETH DEELIN' CUSTOM BOAT that will draft 2" of water, take on 24' seas, fly at 32,000' altitude and turn out a perfectly toasted sesame bagel...)
Well, it just makes me laugh and let my subscription lapse.
Publications worth reading:
Gray's Sporting Journal. Even the stuff about pursuits that don't interest me is very good reading. I'm starting to get seriously into bird hunting the last couple seasons, and I largely have Gray's to thank for sparking the interest. The best cooking column in print, and even the poetry's good.
Field and Stream. At least you know what you're getting... there's some good fishing knowledge to be had and a good recipe once in a while (Doves from Hell from their Sept. issue has been getting applied to a lot of ducks in my house lately)... and I like to read Heavey. Plus I like to read the weenie ads in the back, keep up on the latest in the world of "big pharma" to know how much bigger I can make it after duck season ends and I have time to start using it again.
The [Your state here] Outdoor News publications. None of it's what I would call literary, but they do some decent reporting when it comes to issues affecting sportsmen... witness MN Outdoor News' recent coverage of FWS' scaup brain fart.
And, I'd say Delta's mag is coming along in leaps and bounds. Far better than DU's these days.