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This makes about as much sense as asking "Did the Boston Herald rip off the New York Times?". That's for the concept. Or else, it's about similarity in typography, which is an even worse cause of complaint.
I would like to call out Marco for evaluating this app not based on the content (which he said in his blog post as being the most important) and not on actual use, but only on brief images, screenshots, and feature descriptions that have no bearing on the actual "newmagazines" that might use this platform. If you want to criticise it at least find something actual to critique.

I think Marco just had a knee jerk reaction, and he is entitled to his own opinions, but I would think he would give users of and publishers on this platform a chance before slamming it.

It seems like he's critiquing the UI which is the core of their product - they have nothing to do with content. And by saying that content is more important he's saying that they are taking the wrong marketing approach to get people to use their pretty looking app that he basically designed. It is a bit funny that it ends up as a publicity opportunity for them though.
So TypeEngine (a company I didn't know existed) got free publicity from Arment himself ?

Pretty clever...

What these platforms are trying to insinuate is that — the iPad can become a platform like Wordpress.com! "Create a blog in minutes" is the equivalent of "create a magazine app in minutes" here.
Hey guys, I'm one of the co-founders of TypeEngine. Been a bit of a whirlwind evening/morning, for sure.

Just want to put it out there that we can't agree more with Marco, in that great content is what it's about. We're proud that TypeEngine will give indie writers and publishers the chance to showcase their work in their own app (that they own).

P.S. TypeEngine publishers have full control over the typographic, color, and branding properties of their app – no need for red links if you don't want 'em. :-)