I think putting FHM in the same basket as Maxim, let alone Zoo, Loaded and Nut is unfair to FHM or even Maxim.
Zoo, Loaded or Nut, as far as i can tell, ARE soft porn stuff - like Daily Mirror or whatever are those daily news Sun-lookalike are called. I suspect that, if they are dying down, it's because you can now get some real porn for free on the net.
FHM is more like the male equivalent of Marie Claire and any other female glossy you care to name - Speaking of which, I find "Marie Claire" and the like extremely sexist. If this is what women think of themselves and what they think of men, no wonder the sexes don't get along...
As to the Calvin Klein campaign, it doesn't look like a look-out guy, more like a superposition of 2 different pics - As to the scene, yeah, maybe they should have made it more obviously consensually orgiatic