After running from 1999 - 2003, Eggplant and Spellbound shut down due to budget issues.
Now, Eggplant is back, and the plan is to revive Spellbound as well, this time in electronic format. There's a Kickstarter at http://www.kickstarter.com/projects/1367572146/spellbound-magazine to raise money for the first year of publication. Neil Gaiman even tweeted about it.
Check it out!