I just read about half of Kobold Quarterly #11, and I have to say, I'm blown away -- this is probably the best RPG periodical I've ever read.
And I do not say this lightly: I've been playing RPGs since 1978, I've purchased and/or subscribed to more RPG mags than I can count (I even wrote an article for Steve Jackson's old Roleplayer). Your magazine has surpassed the quality -- in editorial and artwork -- of any magazine I've read.
We've posted a review on our podcast, Happy Jack's RPG Podcast at http://www.happyjacks.org/?p=269 (the show is NSFW).
[5 of 5 Stars!]