Blogwave – Free WordPress Blog Theme
This is just a clean, simple blog theme with no fancy options or features. I know it bears a striking resemblance to Slick Red (a free theme available here) because of the similar header gradients, layout structure, and color switching ability.
There are a few additional features available in Blogwave including WP125 support for 125×125 ad management. Just install the WP125 plugin and place the widget wherever you want in your sidebar. There’s also a widgetized 404 template and styles built-in for the WP-PageNavi plugin as well.