Byrne Reese at majordojo (and more recently endevver) took an open source design from a WordPress designer and modified it for MT. Drum role please ... Hybrid News for MT. You can see my implementation of it at The Providence Gazzette. It is my Providence content imported into my test MT installation.
I can see many possible applications of this theme anywhere a "news" format Blog/Website is desired; associations, real estate brokers and agents ... limited only by imagination.
I have worked with Movable Type (MT) for over five years and wouldn't want to develop Blogs and/or Blogsites with anything else. It is fast, industrial strength, flexible and esy to work with. The only area that is lacking is the development and availabilty of a wide variety of sophisticated Themes. WordPress is far superior in this area. As a MT based website developer I always start with a blank and create unique styles for each client. While this is usually part of the requirement, it is one of the most time consuming (and expensive) part of a project.
Good to have this one to use as a base!!