The logo is obviously custom drawn.

Yeah I thought that, there are a variety of similar fonts around, but guess they are just mock ones,

any idea on the Font used within the magazine?

You do realize you link to a sudent's exercise and not to an actual issue of Eye, right?
Perhaps you should ask directly: http://www.behance.net/pirigraphics

From eye’s colophon:

Eye logo: concept by Nick Bell, drawn by Magnus Rakeng, melkevelen.no

Eye uses ‘guest typefaces’ — in other words: a different one for each issue. In your (student) sample it is unclear what was used for the body. One of the headings is Franklin Gothic, I think.

Should be melkeveien.no. Magnus is a very talented Norwegian type designer.

@Frode: Didn't have my reading glasses on… My bad, sorry.

Curves look a bit lumpy.