One of the top stories today on Wired News is Open-Access Journals Flourish. According the article, there are 300 more free journals within the last couple of months. There are approximately 1,525 journals provide free access (5-10% of the worlds journals). These free journals are being read and are commonly cited by authors in other journals. Additionally, is a growing number of journals that are allowing free access to their archives.

This is nice brief little article that just touches on some of the major issues like author pay model versus advertising. So, if you are looking for anything in depth you might want to look at the Open Access News blog which can give you some more in depth information.