Problems: Maghound has been in development at Time Inc. for four years already. Four years. Not to mention that, according to Time Inc.'s promotional materials, almost 20% of the magazines on their roster will be priced at a premium above the standard fee. 20% is a lot — will customers still be as interested if it costs more to get, say, Vogue or Harper's? But thats right — Time Inc. still refuses to disclose which non-Time properties will be available through the service.

Problems: It's a Digg for print media. Got it. What differentiates itself from Digg? Absolutely nothing. That's bad. Equally bad is the print-heavy layout which overwhelms the site's advertising. Article descriptions are hidden in subpages; there's no way to find out the subject of an article from the homepage.

May the best magazine-oriented web startup win.