I was just pointed at this new e-zine today. Pays professional rates, yet lets readers read for free. And it looks very high quality, too. I’m very impressed.
Here’s what they’re looking for:
“Beneath Ceaseless Skies publishes “literary adventure fantasy”: stories with a secondary-world setting and some traditional or classic fantasy feel, but written with a literary flair.”
They go into more detail in their guidelines.
Under 10,000 words, pays 5 cents per word. E-mail only. Aiming to reply in 4-6 weeks. They also have a forum, where the editor — Scott H. Andrews — posts Slush Updates.