The sub-menu bug aside, the theme layout and presentation is just not as nice and crisp as the older version. It just has a very blocky, clunky feel to it. I have reverted to the last version I had installed.
What I think I will do is set up a new Website (where will I find time for that?) and install the new Magazine Basic there and play with it. I just don't know if I'm going to be happy with it, though.
This has been one of the cleanst, most flexible themes I have ever worked with. It just seems to have been improved a little too much for my sake.