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Today we have a cool free WordPress theme up for download. This is a nice colorful theme, with a rainbow arch in the header, which is why it was called Rainbow Arch. I know, very creative. As usual, the theme is widget-ready with two widgetized sidebars. Anyway, check out the live demo here. Download it here. Screenshot is below.
As you can see, this theme has space for a 468×60 advertisement. The ad code can be pasted in the 468×60.php file.