I subscribe to both AWR and Fine Woodworking. They're both excellent. And different. After a lot of agonising, I voted for Fine Woodworking because, having only returned to woodwork after a very long interval, I find that it is more instructive in basic techniques so it gives me more help where I need it most.
AWR is a very good publication. I particularly like the fact that it showcases excellence in design and workmanship. If you use the two publications as a reflection of the state of woodworking in Australia and the US, it seems to me that Aussie woodworkers have a definite edge in modern design.
Col