I recently ordered a copy of Anorak Magazine - the cycling issue. It arrived last week, and although aimed at kids has the best quality spreads I've seen in a while. The illustrations and photo stories are all so pretty, it's definitely worth checking out.
Another kids' mag worth a look is Small Magazine. The above spread caught my eye (looks better enlarged!) and I found out the artist, Jayme McGowan has a blog here and her work is amazing!