The "research highlights" section contains selections from the journals that are sometimes pretty good. I also like the pieces they pulled from Queue like Kode Vicious with is usually entertaining (granted, that's free through Queue). Armour's column is often excellent and occasionally when passed to a manager will lead to an improvement in scheduling sanity. The column Legally Speaking does a good job of digesting things to my non-expert level of comprehension on what's going with how the law affects computing, IP, etc.
I'll grant however that the signal to noise ratio for the headliner articles is often not so great. That's why I say one or two things an article rather than reading the whole thing through:). Then again, that's better than Spectrum, which I sometimes flip through without reading anything all the way through.
The trick with mags like Spectrum and CACM is that the deep stuff does tend to go to the more specific journals. That's probably why most of the things I noted as often useful to me aren't actually deep technical but more how technical intersects with other areas.