You may be interested in the announcement of a new journal from Nature Publishing that it is to be fully Open Access. While the majority of Nature’s journals already have an open access option, this is a significant move for such a major publisher. The business model for Scientific Reports will mean it is freely available to the global research community without subscription.
From their website: http://www.nature.com/srep/marketing/index.html
"Online and open access, Scientific Reports is a brand new primary research publication from the publishers of Nature, covering all areas of the natural sciences - biology, chemistry, physics and earth sciences.
Scientific Reports exists to facilitate the rapid peer review and publication of research that is of interest to specialists within any given field in the natural sciences, without barriers to access."
Article fees for 2011 are only £890, and the journal meets the requirements for Wellcome-funded outputs. It aims to have an Impact Factor by 2013.
Further comment from Bill Hubbard on the RSC blog
Times Higher Education looks at the possible effects on subscription models in an article about Nature's launch