You know I will sort of disagree here.
To me these magazines are a great source of "what is out there". I get both VC and CA, and I find they are great ways to see what others are doing. Sort of a snapshot of what is out there.
I do think the digital thing is getting more space than it should. I mean to look at the ads you'd think that digital is 80% of sales. But it isn't.
Personally I am about to embark on 4-5 years of pure photography. I have decided to get my MFA in photography at the University of Arizona. To start I will be getting ANOTHER bachelors degree (which should only take 1-1.5 years) to solidify my darkroom skills, and then move into an MFA at the UofA (or who knows somewhere else).
What will be really interesting is seeing where the new students are at vs the old hands/profs. I know I will be coming from an unsual background in that I have been taking pictures for a while now and I have been going more towards the older methods. A lot of the students in undergrad will be pretty fresh to things. I think they will help determine the future to some degree. It will be fascinating to see what they gravitate towards.
As to my opinion, I can't see analog ever dying out. Hell, people still work in albumen and salted paper! Plus, black and white analog work has a certain look and feel that I have yet to see digital get near. The problem comes from the fact that making a magazine is pretty expensive. Especially one like VC/CA. The paper is high quality, the images are high quality, and the subject matter is pretty narrow. At least compared to Newsweek or Wired. So you need to really work for every dollar and need to hustle, hustle, hustle. This puts the editor in a tough place. If the money is in digital, they have to do digital.
Add to that the web with MUCH lower costs, and you have a situation where magaiznes will not always be able to reflect what the readers are doing. It may come down to the web being able to adapt to and answer the needs of analog shooters much better than the traditional dead-trees publications.