I made a thread about this a year or so ago. Whenever I hear about them, I still wonder how much was real and how much wasn't.
On the other hand, PWI did occasionally do some surprising behind-the-scenes reporting (after all, I'd never heard of the Observer and never would have known how to get a subscription in the formative Internet age), hence without PWI, I never would have known (at the time) about the Sid-Arn scissor incident or Orndorff-Vader backroom brawl.