Welcome to the forums CB.
No. That's all I've heard of it.
I can't speak for anyone else here, but I didn't bother following it up very far; being posted as a "guest" made it look more like an unsubtle advert than a genuine recommendation.
But either way, one thing can be said for sure: it is very new, so it won't have much happening. Whether it grows or not will depend largely on the writers. So if you do decide to get involved, you will have the chance to make a big influence on how successful it is.
If you're looking for a more established magazine, you may need to look elsewhere... but remember that all magazines were new once, and they all needed writers from day one.
You might want to also look at
LitScene.com, which (along with
Lit.org) is a sister site to this forum. It has a lot more links to interesting places than the forum does.