A lot blogger do love the cool magazine wordpress themes, I also love them and have post some really beautiful professional magazine themes before, and here is another free magazine theme for wordpress.
This is BlogStarter Theme,
+ SEO Optimized wordpress theme
+ Works with the Latest Version of WordPress 2.8.2 (and below)
+ Threaded Comments
+ Featured Video
+ Flickr RSS
+ Featured Article Slideshow
+ Image on Articles (Automatic Resize)
+ Advertisement/Banner Ready
+ Gravatar on Comments
+ Animated Tag Cloud
+ XHTML BlogStarter (512)
+ PSD BlogStarter (426)
+ Flickr RSS Plugin (4201)
+ Featured Content Gallery (2488)
+ Animated Tag Cloud (3873)

FAQ:
How to add Thumbnail Images?
When creating your blog post, just click “Add an Image” Button. Then insert into post. Thumbnails will automatically show on your blog. Custom Field NOT required.
How to Change Logo?
open “images” folder and replace logo image

Demo
Download this free Magazine WordPress Theme