It really depends what you're looking for. I like reading about competitive cycling more than about bike tech and products, so I subscribe to VeloNews. It's generally well-written and covers road AND mtb AND cyclocross. I also pick up Cycle Sport fairly frequently; it's also quite well written and I enjoy the historical features...
My main problem with VN is its incessant Lance-worship. On the other hand, I find that the Brit mags are pretty heavy on the Millar-worship [particularly Cycling Weekly], and I suspect the Aussie magazines are probably just as heavy on the O'Grady-worship.
If we HAD cycling magazines worth a dang in Canada, they'd probably be all over Roland Green.