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It's a metered paywall [1]. You'll still be able to read a few articles a month. IMHO, that's fairly flexible.

[1]: http://www.newyorker.com/magazine/2014/07/28/note-readers

But you yourself said (in GP) that you wouldn't pay to read them. So the chance of converting you into a paying subscriber is 0 to start with. What's the loss? :D

But they had a zero chance of converting you to a subscriber to begin with. You represented only an expense to them.