We are seeing now that a number of magazines have just started to appear on Apple’s Newsstand App. It only started on the evening of today when the iOS 5 was expected to be released. The first two magazines that were made available to iPad were: Wired and Popular Science. However nothing is yet available for iPhone.
It is still not clear on the method of finding these magazines/ newspapers, however we are hoping that Apple will clarify this soon when the app is fully up an functioning. We are waiting for the release time of the iOS 5 so we can see the full application and what it has to offer as Apple have been very quiet about this application in particular.
We can only hope at this point that it meets our expectations.