Even with this design I doubt that this will be the "future" of magazines. Mainly because I have talked to a lot of people who read and they or most of them say they like to have something in there hands. Something they can hold.
Yes I know you are holding the device, but what the mean when they say something they can hold is an actual book or magazine.
A lot of the older generation is still very "anti-technology". They won't have anything to do with things that are electrically run. Other than what they had "back in the day". A color tele, phone, etc.