We’ve been using MAGHOUND for a couple of months now on an evaluation basis, and we must say, we like the concept. The easiest way to describe it is to say it is like Netflix for magazines, but even that isn’t quite right. In a nutshell, when you join MAGHOUND, you choose a number of magazines that you’d like to receive each month. Let’s say, 3. Unlike traditional magazine subscriptions, though, if it turns out you don’t like a magazine, you just log in to your MAGHOUND account and replace it with something else.

Even better, if you subscribe to a magazine that only publishes every other month, then you also get to specify what substitute magazine you want to receive in the off months. You see, you are paying for three magazines per month, period. So if a magazine doesn’t print that month, you get to choose something else. It’s very cool, especially if you know there is an upcoming issue of a magazine that you definitely want. You can take a look at their complete magazine offerings to see what I mean.

Want in on the action? We are giving away TWO one-year subscriptions to the 3-per-month MAGHOUND plan, which would normally cost you $4.95 per month. Entering is simple - we will give one subscription away on Twitter, and the other on Facebook:

To enter the Twitter giveaway, be sure you are following Gear Live on Twitter, and tweet the following:

Hey @gearlive - Count me in on the MAGHOUND giveaway! http://bit.ly/maghound #gearlive (Click here to tweet this now!)

To enter the Facebook giveaway, just become a fan and leave a comment on the Gear Live Facebook page.

Feel free to enter both. Winners will be selected at random, and if you enter both, you will only be able to win one. The contest runs from today through September 11, at 11:59 PM PDT. We will announce winners on Monday, September 14th, and you must be a US resident to enter.