According to Adam Kirsch (in an article I found via the ever-useful The Page), "[u]nder its new editor, Christian Wiman, Poetry has done what long seemed impossible: It has reclaimed its place at the center of American poetry." Poetry has a fairly decent website too (currently offering a "holiday special" of half-price subscriptions). And, come the New Year, we'll be interviewing Christian Wiman and finding out how he managed to turn Poetry around.
Surely, the magazine at the centre of British poetry is PN Review? Well, it is my favourite anyway! The latest issue of PN Review is just out ... and it's a corker! As is now a regular feature on RSB we'll be publishing Michael Schmidt's editorial to PN Review no.167 here in a day or two. In the meantime, why not read his editorial to no.166?