What has really fallen out of favour in fashion magazines is producing an editorial with a storyline, the sense that you're looking at images created with a purpose, to communicate something special.
They've gone from being the gold standard in a publication like Vogue to being the exception, and when you DO occasionally see one - like once every six months - it's the high point of the issue.
Ivano is posting all those old Vogue Italia editorials in the Meisel thread, and while those circumstances are never going to occur again, it's a reminder of what CAN be achieved, and often with very little outlay.
Current-day Vogue wants to be seen as the best at what they do, but these days, they don't even bother turning up most of the time, yet they still want all the accolades, for churning out editorial after editorial of people standing about in various levels of low energy.