I've been a Trail reader for a few years and get it on 6 month subscription whenever there's a good offer (say free first aid kit), then stop and buy a few off the news stand, then take out the next good offer. That way if there's a crap issue or two (happens) I console myself that they 'gave' me £18 worth of free gear and I feel better...
I do read/rate the reviews (being a gear junkie) and have bought some of the recommendations, but often find they don't sweep the full market and have found better lines than some featured in a review. Plus they'll always be a yearly waterproofs review and how many of us buy one every year?
I think they've had to go further afield into Europe for stories as the UK's been done to death, and they've tried to brighten the format a bit. I think the news/access section is good, but other bits are looking a bit tired now. Let's face it though - if you've been around for years, there's only so much new stuff they can produce eventually, and I don't get as much as I used to from it (the magazine, the magazine!!)
Cheers, PB