DavidB let me know that Time Magazine has released version v3.0.0.94 of their free BlackBerry app. This is an update to the version that they released late last month. For some reason the version released back then did not play nice with the BlackBerry Tour and caused lockups but David is reporting that it has been fixed.
You can pick it up at this link
Time Magazine v3.0.0.94 Now Plays Nice With BlackBerry Tours