Business Insider is now reporting that this digital newsstand may be launching along with the Nexus tablet. It's unclear whether this will be part of Jelly Bean, or simply a new app from Google, but it seems likely that the publications will become part of the Play Store. And, really, we're of the mind that's what the hold-up has been. Back when we first heard the rumor, Google didn't have the Play Store as fully built as it is now, and there was no option for in-app subscriptions, which is now possible, not to mention the Android tablet market was still pretty weak. Now all of those factors are in place and make Android a much nicer place for magazine publishers to inhabit.
We're just hoping that magazine publishers actually put some effort into creating the digital versions of the magazines and don't just populate the newsstand with repackaged PDFs. We should find out soon enough, as this will no doubt be confirmed or busted at Google I/O in a couple weeks.