Digital newsstands to launch in U.S. in Q1 of 2011

[This post has been updated] Next Issue Media, a consortium of the four biggest magazine companies in the U.S. -- Conde Nast, Hearst, Meredith and Time Inc. -- is finally going to launch its digital newsstand in the first quarter of 2011, according to a story on MediaDailyNews.  

Digital and mobile publisher Texterity and design firm The Wonderfactory will be launching their own digital publishing platform in Q1 of 2011, announcing that it will target niche, trade and association publishers with technical "sophistication currently reserved for the largest consumer magazines." 
[Update: A story in minonline gives more detail about the Texterity/Wonderfactory offering:

• The applications will all be done in HTML5 and will vary by device but have a "family similarity";
• There will be a series of add-on modules, depending on the degree of sophistication required;
• Magazines will be asked for a 12-month commitment at a per-issue cost of about $1,500 plus $200 - $500 for each module.]

In Canada, the digital newsstand partnership between Magazines Canada and Zinio is well into its second year of operation.