That's a brilliant idea. Maybe not a magazine but a website at least. It would have to have a monthly column from REIROM though.
There were websites early in the PS2 and Xbox life that had crazy, ridiculous bashing articles, but those quickly died. I think a well maintained sites like that could attract a lot of viewers.
Hell, in it's early days OXM had openly fanboyish anti-PS2 and anti-GC comments all over the place (maybe they still do, actually), and it's not like it ever hurt them.
from the framerate in that video i would guess its the 360 version looks allright but it better play fantastic because pgr3 and rr6 will easily take care of my launch window racing needs