I will go for the option 2 definitely. All the issues of Fast Track may not be usefull for me, but may usefull for others. I think if Fast Track discontinued, image of the DIGIT will be down in the category of the IT Magazine. Rather I think Make it colourfull alongwith good paper quality, Provide some small Advertisement to coup up with expenses incurred to improve the Fast Track.
Also try to provide details of the subject taken for the particular issue elaborately from novice to expert user as far as possible in easy english. Try to cover each important Linux Distribution in seperate issues of Fast Track.