After a long wait, I am releasing a free WordPress Theme called Jazz.
This is a minimalistic blue-colored theme with widgetized sidebars, dropdown menus and ad sections. The home page shows the latest post with a short excerpt, and all the other posts on the homepage have been uniquely designed to show a black layer with post title and date, which upon hovering, reveals the image beneath it. This is done through jQuery. The theme contains three ad sections which can be configured through the header.php and sidebar.php files.
Jazz WordPress theme comes with integrated menu system that can be configured under wp-admin -> appearance -> menus.
The theme has been tested with most browsers and is free to download and use. The home page images are automatically created once you upload an image with your post. Just make sure that your host allows the thumbs.php file in the theme folder (which generates the thumbnail images).