Come on! It's not as bad over here as they say in the papers, most of the stuffs they write are sensationalized...
Terrorism exists but it's generally limited in the south, kidnappings? as long as you don't go around flashing your money and acting like a rich fool, you won't even be noticed.
But as much as i feel bad that we're being overlooked as a dive destination, i agree that it is better for now. Aside from the reasons stated, another cause of the destruction are the divers themselves, especially the newbies. Diving is becoming very popular here and they do their check-out dives in those reefs, the newbies tend to hold on to corals, step or crash into them. Also, between March and June, the places can get really crowded with local divers, you can have as many as 25 divers in one divesite all at the same time!
In spite of those things, Diving is still great on the Phil, there are still a lot of remote places and undiscovered sites, and the prices are cheap compared to other countries.
I rarely rely on mag reviews, most of them are written by paid advertising agents anyway.
Come and see it for yourself, just don't bring the entire neighborhood.