I miss the magazine also. It was one of the best presentations of any MRR magazine I have seen. I also would be interested in a replacement.

They should have accepted foreign subscription on their website. That would have expanded their revenue and market - may be to point of remaining solvent.

I think the electronic format is nice - no waiting for long mailings. But it would be great if someone would take more effort to expand on the pretty measly offering they are doing on-line right now - only a few articles. why not pay for pdf or some other format downloads, or even cd-roms priveledges.
1-2-3 dreileiter pretty much met all your requirements I thought form the few issues I got before it went out of business. I did ask to get some back issues to make up for the subscription time I should have received, but no response to my e-mail. seems like a common complaint for german rr magazines and model manufacturers.
I see no reason why it couldn't be some sort of collaborative worldwide effort, just like this website. on-line would be easier to run through translation programs and at least gain some readability for non-german readers. production costs ought to be less too - no worries about printing on expensive glossy paper.