BlueGrey is an excellent looking wordpress theme that is completely FREE and highly customizable theme that works straight out of the box. This theme has 2 main columns with sidebar split into 2 more sections. The theme come styled to add the nifty 125px square advertisements that has become a common flare among bloggers of all walk. The theme is easy to use, just upload and activate, then edit the header file (header.php) to include your own description of your blog, that is pretty much it. As for 125px advertisement, it is oddly placed in the footer file (footer.php). Check it out, the theme is undoubtedly top of the line.

Links: Demo | Theme URI

Elegance is a very simple and refreshing Free wordpress theme. This two column theme comes with the original PSD to customize the looks of your site without compromising on quality. The layout provides sufficient room for you to add quality content and widgets. The sidebar is loaded with goodies out of the box but is also widget ready if you choose to customize it. The theme has a little area at the top for a short introduction, which must be manually changed in the header.php file, since it is a one time set up, it should not be much of a hassle for even novice users. Overall the theme is of top quality and if you are looking for simplicity and elegance, this is the theme for you.

Links: Demo | Theme URI