The stories vary from good to excellent, including a World Fantasy Award winner. Listening to this is like getting a great issue of Asimov's or the Magazine of Fantasy and Science Fiction delivered to your ear-holes. The whole thing is Creative Commons licensed, too.
I liked it so much, I sent the editor -- Stephen Eley, whose introductions to the stories are utterly charming -- my story Craphound for adaptation to audio (look for it soon!). Link, Podcast feed (Thanks, Sal!)