What is offensive: the photos or the content? How are they offensive?
IMHO, you'll find far more explicit sex talk and photos just about as bad in your average Cosmo as you will in Playboy and I'd put Cosmo ahead of Maxim and FHM for T&A (trust me on this one

!).
Now, if the guys pulls out Swank or Oui, well, then that's a slightly different story....