Mygazines is a free online community-based site that let users read and share magazines on a flash based interface.

You can read magazines absolutely free, but if you would like to share some with the community, you will have to register for an account (it’s free). Uploaded magazines are shared in a portal where you can search and browse latest issues of popular magazines.

These popular magazines are organized in categories like computer, discount, fashion etc magazines. They also have an adult filter to let users filter out adult and pornographic magazines from getting displayed.

Users can tag, bookmark and share magazines via email. Another cool feature is the ability to create your own magazine having your favourite articles arranged in the form of a magazine. You can also upload other things like brochures, pamphlets etc on the site.

Overall, I found this service quite innovative but since these magazines are copyrighted and can’t be shared, it might have legal issues in the future.