Indomagz 2 is a free premium magazine style theme by Ustadz. The theme works straight out of the box and with a little set up, you can make it use of all the built in features. The theme uses custom fields for the primary image in each of the posts and some minor set up to define the categories to be used in the sidebar.
The theme comes with very detailed instructions and walks you through all the cool ways to pimp your site. The theme is a 2 to 3 column layout and is widget ready. The theme also has 4 widget ready bottom bars. If you are looking for a highly customizable magazine style theme and do not want to spend $100 getting it, grab a copy of Indomagz!