From the Press Release
LIGHTSPEED will focus exclusively on science fiction. It will feature all types of sf, from near-future, sociological soft sf, to far-future, star-spanning hard sf, and anything and everything in between. No subject will be considered off-limits, and writers will be encouraged to take chances with their fiction and push the envelope. New content will be posted twice a week, including one piece of fiction, and one piece of non-fiction. The fiction selections each month will consist of two original stories and two reprints, except for the debut issue, which will feature four original pieces of fiction. All of the non-fiction will be original.
We've read JJA's various anthologies and we know he has a great editorial eye, so it'll be quite interesting to see what he comes up with as the fiction editor for this new SF magazine.
Lightspeed will be under the Prime Books umbrella. Prime also publishes Fantasy Magazine (yes, which I write for) and has built a reputation for quality fiction.
The non fiction side of Lightspeed will be edited by Andrea Kail.
The first fiction and nonfiction won't appear until June 2010, but I think this is one to keep and eye on.