The only good things I have heard, internship wise, are those who are lucky enough to intern for Bergdorf's and Chanel HQ on 57th street. We have a TON of connections w/ them @ my school, thankfully. I have heard okay things about Elle/Vogue/InStyle.
What's going to be tough for me is the fact that I will have role reversal syndrome when I go to intern. @ 21, I can actually say I have a high power job. I do almost all the buying for an extremely high end store (Theory, Boss, Pierre by Balmain, C'N'C and as of most recent Karl Lagerfeld's diffusion line) and I also run the store and all the stores merchandising.
The other problem is that I am a "creative consultant" for one of the most prestigious East Coast Uni's...they basically own the entire city and all the vacant properties. I basically tell them what stores to contract with and then I design vacant store fronts.
I have a lot of power and make a lot of $$$ (and I am in no way tooting my horn, I don't need to) so it's fair to say I am freaked out about interning. I prob. will do it w/ with BG or Dior on 57th...I kind of a shoe-in there thanks to my Mom! lol