After a manner. When something is online it is easily accessible, yet lacks substance. It is not tangible and thus, feels more cheap. Or, for me it does. I enjoy books much more when I can hold them in my hands, for example.
I understand what you're saying on this issue. I too appreciate the ink and paper. However, I believe in anything that brings people to reading. You may get more people reading the mag because it's online (and free?). Whatever happens though, don't let it keep you from writing!