Holly Lisle's going to be starting up a Fantasy & Science Fiction (F&SF) magazine called Rebel Tales (thanks to Angie for the head's up).
The guidelines are here.
As I write this, she hasn't yet started accepting submissions, but it sounds to me like you better follow her guidelines exactly as she has them written (which only makes sense; but I guess some submitters might try to skirt that). As she said, the magazine's going to have her name on it, so she wants everything to be her way (or it's the highway for you, Jack).
I'll probably post again once I see that she's accepting submissions. (Or you can just bookmark that page, like I'm about to do, and see for yourself. :-))
Love and kisses,
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