I know what you mean about installing yet another reader....but I think you'll find Zinio quite an improvement over Adobe Reader.
You can highlight stuff and annotate stuff.....and you can print pages to PDF, so technically, you can cut out the pages that interest you.
I've been evaluating it for the last couple of weeks and downloaded a couple of free sample magazines and I am somewhat impressed by it. Like reading on an eBook reader, I will have to adjust my mindset somewhat, but I'm subscribing to one magazine and we'll see how it goes.
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