I have no issues with the current subscription model. I visit many sites. There are two that I financially support (APUG and a College Football board), another I would support if they had a way to accept money, one supported by Amazon links, and a few that I visit intermittently. I support boards I use a lot, but do not wish to pay to access every single site that shows up in google searches.
I personally feel that $25/year is reasonable. Especially for people who are paying for film, chemicals, papers, and internet access (which for many of us is $50 or more a month). On the other hand, for casual visitors who come to the site from a google search link, a paywall is a nuisance.
I don't sell items online or post in the galleries (although I probably should), but I pay my annual subscription to keep the site afloat both for my benefit as well as those who visit less often, or my be of lesser means. I understand that for some people, $25 is a lot of money.
My only concern with the new site is how well the analog only and hybrid thread divisions will be maintained. I shoot all three formats, analog only with slide film (although I do scan them for other purposes), hybrid with B&W and C-41, and digital (although I shoot a lot less digital than a few years ago). I almost never visit DPUG or HybridPhoto - digital fora generally degenerate into Nikon v Canon or people lusting over the latest minor updated camera, and hybrid fora degenerate into "which scanner is the best". I visit APUG daily, because film choice, development technics, old camera equipment tips, etc. are common ground between analog and hybrid photographers. It will be challenging for the moderators to deal with threads which eventually diverge into hybrid territory. Threads on film developing and troubleshooting of processing will be rare on a hybrid forum, and hybrid users may forget which section they are following and bring in scanning and PhotoShop.
I have bought darkroom equipment to create a totally analog flow. Aging parents, and a temporary health issue, have prevented me from actually setting up the equipment, but I hope to get that done by year-end.