For all you science fiction/fantasy fans in the audience, here's a reminder that Strange Horizons exists -- it's a free weekly online magazine, funded by reader donations. They just blew through their yearly fund drive goal halfway through the drive month, which should tell you something about how well-regarded it is. If you don't believe me, here's a gem from their archives.
It's a unique magazine, one I keep forgetting about for long periods of time, then kicking myself for forgetting. It publishes a lot of poetry (a lot of it bad, to be honest), a lot of fiction (much of it good), and reviews and other articles, the entire body of which can best be described as eclectic.
From the business side of things, I gather that they are well-regarded, paying what's considered professional rates. The 9,000 word limit is a result of that -- I think they just can't pay for longer works, running as they do on donations rather than subscriptions.