The first, "Odin's Mirror" by Andrew Knighton, is a good piece of alternate history with vikings and, well, read it and find out. Not much action but lots of stuff that's just very cool. As with a lot of alternate history, there's a single twist that doesn't bear a lot of scrutiny, but once you accept it the rest flows in its wake perfectly.
Even better is Rick Silva's "Soup". Donna, a mercenary comes upon a town being robbed by a band of out-of-work mercenaries. Almost at once, she's challenging the bandit's leader, Hoth, for leadership and quickly loses. Before he and his men leave town, Hoth lets her know he expects her to be better prepared for another encounter in a week. Instead of just fleeing, knowing he'll chase her down, Donna sticks around to work a little "magic" and ready herself for the gang's return. It's a fun twist on "stone soup" and Seven Samurai.
I'm really happy to see Swords and Sorcery Magazine maintain its new level of quality. It'll be interesting to see how the magazine evolves.