Excellent news! I look forward to seeing the results of this endeavour :-) I hope you get many, many submissions and have a long printing run.
And I concur with bhoggett, spell- and grammar- checkers (of both the human and digital varieties) will be a valuable ####et... and I'm certain some people here will volunteer *orders big Acme Flashing Arrows and points them at himself* (why do I suddenly feel like Wile E. Coyote??)
But seriously, best of luck, I'm sure this announcement and magazine will make many people happy :-D