The world of publishing, specifically academic publishing, is changing at a rapid pace due to advances in web publishing tools, user expectations for increased and easy access and the demands of authors to retain rights to their own works. You can read more about one journal's step towards open access in Jake New's Chronicle of Higher Education article Journal’s Editorial Board Resigns in Protest of Publisher’s Policy Toward Authors available here.
Similar news includes Wiley Publishing's launch of 4 new open access journals: Clinical Case Reports, Immunity, Inflammation and Disease, Journal of Medical Radiation Sciences (JMRS) and Sexual Medicine.