Arthemia
A logical first choice in our category "Theme of the Day" is the Arthemia Theme by Michael Hutagalung.
Arthemia comes in two versions.
A free one:
Arthemia is combining a magazine and a weblog into one; it is not too magazine-ish nor too blog-ish. The front page of Arthemia shows the headline and featured post of yours along with the pictorial representation, that’s the magazine style, while the rest of your post will be shows sequentially just like a usual weblog. In the middle of the front page, Arthemia has a nice blue-and-black category bar which will help your readers exploring you site. At the bottom, Arthemia is outfitted with a blog must-have section, a three-list of favorite posts.

And a premium version hosted by Colorlabs:
Arthemia Premium is a magazine style theme that unleashes the power of WordPress, transforming it into a simple-yet-powerful CMS with the automatic thumbnail generation feature. A nice and elegant blend of a blog and a magazine.
With numerous built-in features, Arthemia Premium will convert your old-fashioned WordPress blog into an amazing and powerful front-end. If you are running an online magazine or a corporate website, Arthemia Premium is the one-stop solution for you.

Personally we like the premium version more, simply because it has way more possibilities and functionality. However the free version is not incomplete and great websites are possible by using that version.
If you want to know all the differences between the themes, have a look here.
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[...] magazine style themes have a featured content part, actually also this theme which was featured before, and these themes want you to create a special category “featured”. Then by adding posts to [...]