Home page pagination based on custom taxonomy

Hi there!

I would like to have some help with how to code this structure for our blog.

Our blog is like a magazine, so we have posts categorized in Volumes (with slug: volume_1, volume_2, etc) using a custom taxonomy.

We want the home page of the blog to always show the newest of these “Volumes” (eg. like http://www.alistapart.com/); furthermore we would like to have a pagination system that links the other Volumes, so for example, if you are in volume_3 there are two links, for volume_2 and volume_4.

Of course permalinks should follow, but we already took care of this.

I’m quite new to wordpress, I would like to receive some suggestions on how we should implement this.

Many Thanks!!