Totally agree - I barely even spend 2 minutes reading the current one when it turns up.
I was a student reading the crash comics on the flying school lunch table and they left a fair impression of what not to. Nowdays they show that if you look pretty, you don't even need to do up your tie....
The difference now is the internet - most of the reports are there on atsb.gov.au et al. I do agree that this is not as accessible as the old mags, but it would be a hard $$ justification to fill a mag sent to every pilot repeating this information.
Also - maybe I am cynical but if all the crashes are published in a mag, hey that would not look good for our industry would it?

Is this another motive?