As for the serious articles - in all the PR about their global restructuring, do we ever hear Conde Nast boasting about its commitment to quality journalism? They have decided the universe revolves around what people look at online, which means everything gets tailored to short attention spans. Any semblance of depth - in either the photography or the writing - has been deemed unnecessary.
I agree with your point in general, but Jesmyn Ward, who wrote the cover story, is one of the top writers in America and the first woman to win two National Book Awards for fiction.