I still get the mag because it's discounted on some of those free magazine sites and I can get it for credit card points. Never paid any attention to the lifestyle part - this month there was an article about some guy who started collecting wine in the 2000s and has a few hundred bottles in an expensive cellar. It's of no interest - that was the caption on the picture and I didn't read more. Same with the travel bits and the new rich guys who are now in the wine business because they hire a consultant, pick a label with the help of another consultant, and associate their name with a brand.
But every so often they do a nice article about wine, a region, or a person actually in the wine business, and there are a few writers who aren't bad - Kim Marcus for one.
No idea what their demographics or circulation happen to be. Laube's departure sounds a lot more amicable than Kramer's. And I don't think James has looked back much - he's his own brand and seems pretty successful.