This is a very sticky issue and sadly, the articles I penned for VISIONS long ago about this issue (sort of) are all archived these days. But let me try to be clear by first suggesting that you look up the sticky on this forum, about Old School vs. New School Mentalism... the PSYCRETS group should still have my essay posted as well, but I'm uncertain. But understanding these differences is what must be set in mind first; Old School philosophy approaches mentalism in a far more "real" feel. As Stephan Minch pointed out years ago we tend to have one foot in the world of the Charlatan and the other in the realm of being a Thespian. . . and understand, this doesn't mean you have to do the New Age or Gypsy sort of thing, Banachek uses this approach (to a more limited degree) as does Derren Brown; they strive towards believability and as Lee Earle points out, eliciting and invoking belief which is not what you find in the "New School" mode of things...kind of...
Commercially Speaking the New School mode of course is a bit more sound when it comes to general venture in that it blurs the lines between the once segregated categories of Mentalism vs. Magic. On most levels it can be described as "Mental Magic" in that it retains a look and feel of being a magic trick or, I should say, the bulk of what is contained within these shows holds to this course of action, employing only nominal aspects of the Old School way of doing things or to say, Mentalism that feels exceptionally real.
There are two key reasons why this new way of thinking (which really isn't that new) is more commercially appealing to those migrating away from traditional magic into mentalism. The first centers on familiarity; the fact that you can get away with "corn" -- routines that employ an obvious set-up such as Casino Royal (one of my favorite pieces, btw), or one of the more dramatic versions to Confabulation like Don Wayne's Dream Vision. Magicians are comfortable with props, what Peter Pit used to refer to as "items to hide behind"

They are likewise comfortable with familiar devices such as Playing Cards and thus, see no reason to strive to change card-based routines in ways that use alternative items such as post cards, photos, etc. vs. the pasteboards.
The second reason this "new" way of thinking is more appealing centers on the fact that you book and sell it exactly the same way you market the traditional magic show.
Sadly, this approach and the very up-front admission to being a magician (which is what you are) will cost you those key advantages used by the Old School adherents of pure Mentalism; the Home PSI Party and Reading venues and being able to work a far more full, low profile schedule as you choose vs. the mercy of agents, talent buyers, etc.
The New School/Dunninger Mold group looks down at such things and given that most are likewise cynics... self-proclaimed "skeptics" and pseudo-debunkers it becomes evident that this attitude sustains a particular agenda, part of which will ultimately cost our world some of the deeper, less known secrets and nuances associated with pure mentalism.
As to That Article... I challenged the then "new" and growing element that had just started discovering Mentalism (thanks to Criss Angel and David Blaine) to graduate away from the things we found in Corinda, Dunninger and all the classics and consider how to place production value into a psychic themed program. This is kind of a recap to what I mentioned previously about Mental Magic in that such routines generate a visible excitement to a program. In my examples however, I was pointing out how much in the world of things Psychic, Paranormal and Metaphysical we don't address and asked why... why hadn't we looked at the technology tied to grand illusion (for example) and used it as a tool via which to demonstrate and/or explore (explain) things like the Aura, Past Lives, Mental Creation, etc.
All of these things are practical when looking at the commercial touring show that is designed for theater or large stage, so it's not something for everyone, but it's certainly a solid mold for someone that wants to couple the two art forms.

As I said, this is a very huge issue that is much debated and likewise, one of the chief reasons there's been a rather large chasm between the Mentalism world vs. Magic for generations. To put it kindly, too much "solid" mentalism became trivialized by way of adaptation by magicians... two well known victims of this trespass being the Mental Epic of old followed by the current Smash & Stab craze... or my favorite irritation, the white faced clown featuring MoAB in their kiddie birthday shows
An old axiom states rather wisely that
No one can serve two masters... there's a huge truth to this and thus, we must learn to define exactly what it is we are, what our goals/vision is, and what is going to be the best and most logical course of action for getting us there. It's not the same for everyone but no one can get anyone without focus and discipline, it's that simple.