Luke Hayman, a partner at Pentagram, is probably one of the top three magazine designers working today, having done the recent redesigns of New York, Time, and Travel+Leisure. In the wake of the iPad reveal, he's already up with five ways  the device will change magazine design. The tastiest, savviest bits:
The end of frequency
Say goodbye to the idea of monthly magazines, or weeklies, or dailies. Print publications, already under siege by the Internet and 24-hour news cycle, will have to learn to adapt to a world of instantaneous updates. This is most obvious for news and business publications, but it's just as true for fashion, entertainment and specialized titles.
A reset on advertising
The mean little conventions of online advertising--banner ads, pop ups, and so forth--aren't popular with readers, with advertisers, and certainly not with designers. The iPad's a new medium that will create a whole range of opportunities. Once people start exploiting what it can do, we may see the kind of creative renaissance that will deliver the next George Lois  or Lee Clow . People will start subscribing to certain i-mags just for the ads alone.
A new way of telling stories
Editors have been telling us for years that people won't read long stories online. Yet they will read 1,000-page novels on their Kindles. What will they be willing to read on their iPad? I predict the return of long-form journalism. At the same time, visual storytelling will take deeper, richer forms. Information design will be more important than ever. Something like New York's Approval Matrix  that we designed back in 2005 with Adam Moss is popular in print but will really come to life in this format. Some people might subscribe to it all by itself.
In other words, magazine editors--who've been fearing for their jobs lately--haven't been this excited since they lost their virginity. The question is, can they adjust quick enough to the changes afoot? Who will act quickest, and who will execute best?
[Via Pentagram ]