Launch Pad: New Resource for Your Students?

I just ran across this new website which is marketing itself as a literary and arts magazine for young writers. By "young writers" they seem to mean elementary students and tweens as well. I'm not sure about all the copywrite issues, etc. that need to be worked out, but it might be a neat resource for you all to consider once you're in the classroom. After all, one thing we know about students and writing is that teachers need to offer AUTHENTIC writing experiences that actually lead to publishing or are otherwise shared and experienced. Maybe this site seeks to facilitate that. Here's how the site describes itself:

"Launchpad is a new literary and arts magazine dedicated to publishing fiction, nonfiction, poetry, book reviews, and artwork by children ages 6-12. The magazine will appear six times a year (published online every two months), with the first issue [just debuting in February 2008!]"

Here's the URL: http://www.launchpadmag.com/