I still subscribe to OPM (which somewhat mitigates the price, I pay about £4 an issue I think), and think that the magazine is as good as it has ever been. One thing that put me off games magazines - and stopped me buying them for years - was the immaturity and relentless sexism, and the feeling that it was for boys who, in spirit at least, had never advanced beyond puberty. The current iteration of OPM treats you like an adult, is very well written, and isn't just Nuts/Zoo for gamers.
PSM/OPM was steadfast in their attitude towards this since day one - they were firmly against it. OPS2 #34 rolled in however & that went straight out of the window. That lasted for about 6 months, before they changed it up again, toned it down somewhat & instead opted to hire a recurring model. Gorgeous as she was, that's what FHM is there for, surely? If you're buying a gaming magazine to be titillated, you're probably not old enough to be purchasing something else.
The only improvement the third iteration of OPS2 had over the original (#1 to #25) were the increasingly excellent covers. I thought the Need for Speed Underground one was especially great.