I love this theme but it isn't open - but maybe we could do something like this:
http://demo2.woothemes.com/?name=flipflop
On the free side, Here's some free magazine-oriented WordPress themes I found. Do any of these strike a chord?
1) Swatch http://demo.woothemes.com/?name=swatch
2) Clamshell http://clam.fearlessflyer.com/
3) Magazeen http://www.smashingmagazine.com/2009/02/23/magazeen-free-magazine-look-wordp...
4) Premium News http://demo.woothemes.com/?name=premiumnews
5) Arras http://demo.arrastheme.com/
6) Table http://www.theme-junkie.com/themes/table/
7) Mimbo 3 http://www.hacktrix.com/free-magazine-style-theme-mimbo-3-released
8) Clean Mag http://www.wpexplorer.me/cleanmag/
9) Showcaser http://wpexplorer.me/demo.php?theme=showcaser
10) Hamasaki http://demo.jauhari.net/?wptheme=Hamasaki
11) IsoTherm http://bizzthemes.com/preview/?theme=1299 (downloadable here http://bizzartic.com/2009/03/29/isotherm-news-magazine-wordpress-theme/ )
12) ForExpress http://www.1stwebdesigner.com/wp-content/uploads/2011/03/forex-press-magazin... (downloadable here http://www.web2feel.com/forexpress/ )
13) Monochrome Pro http://demo.graphpaperpress.com/monochrome-pro/ (downloadable here: http://graphpaperpress.com/themes/monochrome-pro/ )
14) Equilibirum http://equilibrium.madebyon.com/ (downloadable here: http://www.madebyon.com/article/equilibrium-wordpress-theme/)
~m