I will take your advise and mail the newsletter every month.
The best advice about newsletters I've heard is: send them out when there is news. News the recipients will want to know about - not marketing spiel, that'll quickly cause it never to be read again. (c.f. crying wolf)
I would strongly recommend you not automatically E-mail your users on a weekly frequency! If you must do this, make it infrequent (monthly, no sooner) and make sure you include genuinely useful information. A good example is LinkedIn, which includes information that I can definitely use (new developments among my directly connected peers), and they only send it if I haven't visited the site in about a month.