An especially exciting development: Kathleen Fitzpatrick of Planned Obsolescence
and others are working toward the formation of ElectraPress, an online publisher of academic work. They're planning an April 24 meeting to discuss how to proceed, and you can read about the questions under consideration here
. You also can view Prof. Fitzpatrick's proposal here
and her very interesting January Valve
post on the issues surrounding it here
She sees ElectraPress as a way of addressing the current crisis in academic publishing, as well as a way of facilitating quicker and more thorough intellectual exchange: I think it's certainly an idea whose time has come.
Hat tip to Michael Bèrubè.