Actually I almost did the same...the subscribed because I realized that I don't want the hockey news for news. I want it for the information like comprehensive stats, draft issues, future watch.
You will realize you will miss it.
Honestly, I don't. I haven't picked up or read an issue in at least a year, if not more. My subscription expired in November of 2005 I think and I really have not looked back. I struggled through it over the lockout, but when the NHL resumed play I began to realize that all the information that I looked for in THN I found sooner online. My own online reading and research has equalled what I asked for from THN and I was able to access it sooner and often find much more comprehensive information online.
The only thing I miss out on are the feature articles, but I really don't miss the magazine. As a writer and a longtime subscriber, I obviously respect their position in the hockey media landscape, but often I wonder how this will be affected as more and more the focus moves online. Certainly there will always be The Hockey News, but when you see established chains of papers cutting back their sports coverage, one has to assume that THN and Transcontinental is also feeling the pinch. I would assume that they have had to change focus to remain competitive against online resources that can provide up-to-the-minute stories for the always eager reader, in fact, I remember seeing some of the changes begin to come into place as I let my subscription run out, but honestly, I haven't felt like I was missing out.