twitpic.com

This picture shows very clearly why the NYT paywall is not going to work, given the current pricing structure.

Here is the article the chart is from. A very interesting point:

As Frédéric Filloux and others have pointed out, The New York Times pricing seems designed not to get people to subscribe digitally, but rather to discourage existing subscribers from cancelling their print subscriptions.

A puzzling strategy, in my opinion.