Almost every text element can be changed in the options panel, and even has full support for Google Fonts in the font selector.
The standard sidebar pulls posts from the same category as the post. You can easily switch to use a widgetized sidebar in the options panel.
Custom Footer Area
The footer has an optional area for related posts and Flickr, and also 4 widgetized columns at the bottom.
The theme has 4 widgetized areas in the footer, and one optional widgetized sidebar, and as always comes with custom Woo Widgets (Ad Space, Blog Author, Embed, WooTabs, Search, Flickr, Twitter).
The theme includes 4 alternative color styles which you can preview in the demo, but also has styling options for background color/image and setting link color.