One nitpick I have with Hacker Monthly is that I get the digital copy a lot faster than the physical copy. A day or two difference is okay, but I myself reading the digital copy before the physical copy arrives.
I don't know how much of this is caused by the just-in-time nature of MagCloud, but it would be ideal if the physical would arrive on the first of the month or if the digital issue could be delayed by a few days.
I love getting the physical copy, but the delivery leaves a bit to be desired. I think this aspect is important if you really want to become like a traditional magazine and not just blog articles printed out and bound every 30 (+/- 10) days.