When I saw a pair of Revel Concerta F12's for sale, I looked for meaningful reviews that included measurements before pulling the BuyItNow trigger. There was the good review provided by KR, accompanied by JA's measurements, in Stereophile. And there was a not-so-good review, accompanied by better NRC measurements that included a Spinorama, on Sound Stage Network. I paid $700 for those speakers on ebay, and they were $1600 when new. Not cheapies, but not exactly solely in the domain of the landed gentry, either. Other items I've bought that were reviewed well and recommended by S'phile in the modern era: A Musical Fidelity V90 DAC (under $300 new before the flood of hundred-dollar Toppings), an Adcom GFP-565 preamp (under $800 when new--not cheap but assuredly not high-end), Pioneer SP-BS22 speakers ($100 the pair on Amazon), B&K Reference 125 amp (well, its close ancestor, the ST-140), which has always been in the affordable category as big amps go. The Naim CD5 wasn't that expensive used but it was pretty pricey when new (over a couple of grand in the early 2000's when CD players had degenerated to commodity pricing), so I won't include that one in my argument.
Therefore, notwithstanding my unwillingness to pay high-end prices, I've managed to get at least partially worthwhile buying advice from Stereophile for a significant percentage of my recent purchases.
So, yes, they have articles that explore the high end. But I think the claim that they don't support the buying decisions of regular enthusiasts isn't supported by evidence.
Rick "noting that the magazines that focused exclusively on affordable mass-market stuff are all now defunct" Denney