Paid Content says that MagHound will launch in September. Maghound is an open subscription service, where you get three, four, or more magazines a month, but you’re not locked into a particular magazine subscription: you can change the titles you receive any time you want. This sounds like a smart idea to me, and probably long overdue, but the catch comes in the desciption of the pricing:

…three titles for $3.95 per month; five titles for $7.95; seven titles for $9.95, and $1 per title for eight titles or more. Then titles that have a non-discounted traditional sub rate of around $19 or more per year are considered “premium” titles and will have an extra $2 fee per month..which means the likes of Economist, The Atlantic, New Yorker and and others would cost more…

Just about every magazine I’d want falls into that latter category, which would probably make the whole thing prohibitively expensive for me. But I can still think of dozens of people who’ll sign up for this on the day it launches.