This is why I rarely subscribe to photo magazines and never for long subscription periods if I do. I trust View Camera and Lens Work to be around, so I subscribe. I would like to subscribe to B&W (the US mag) and Black and White Photography (UK), but I don't trust them to be around a year from the time I subscribe. So I read the UK mag at Borders but rarely buy it and usually buy B&W but do skip some issues.
However, I am still planning to subscribe to Aggie's effort. I think becuase of the affiliation with APUG and the people invlolved I think it has a better chance at success.
In a related topic, if you have a chance to browse the newest issue of Lens Work #50, it has a very nice article about the evolution and growth of Lens Work. This issue marks the tenth aniversary of the publication.