I have subscribed to the wonderful journal Touchstone: A Journal of Mere Christianity for 5 or 6 years and I also read it often while attending seminary (Dr. Ed Kettner had mentioned it favourably a number of times). The journal is not Lutheran but its contributors are made up of those who are committed to historic Christianity from across the spectrum of denominations - Roman Catholic, Orthodox, Lutheran, Anglican, Reformed, etc. While I do not always agree with what I find in the journal I ALWAYS find it thought provoking and usually helpful. It can at times be too focused on American issues - but to be fair it is published in the US - but it also has a very wide view of the Church and includes news of the Church from across the world which is very helpful to keep us from thinking the Church of Christ only exists in our backyards.
In the most recent edition there is a fantastic article regarding the issue surrounding Jeremiah Wright - but it is not political. It points out the real problem with Wright's preaching and notes that the problem is not only to be found in Wright's sermon but in many white suburban churches as well. Truth is, when I read the article it was as if I was listening to one of Todd Wilken's sermon reviews on Issues, etc! Which makes it all the more encouraging that the author, Russel D. Moore, is noticing the same thing. It is a brief article - check it out!