It's very nice looking, lots of interesting layout and features.
Main criticisms:
1) Hard to read the white text against light grey
2) the use of the photograph carousel thingy is tres cool, but it doesn't work if javascript is disabled. You might think about putting a <noscript> notice in the code so users with javascript automatically disabled (a lot of Firefox users with the NoScript plugin) know that they have to enable javascript to get to certain content
3) I appreciate the discipline of making a site entirely in grey and black, but perhaps one splash or two of color (logo or something) would make the austerity look more effective, and less like your crayon box was completely empty.
Other than that, seriously, it looks great, layout and navigation are very cool. Nice jazzed up WordPress site, and good demonstration of using WordPress as a magazine!