Hindawi publishers is a really interesting outfit. They are an open access only publisher based in Egypt. They combing a fantastic use of technology with the ability to afford a large amount of human curation over the data that they use to streamline their publication and reviewing systems.
One of their publishing vehicles is called the International Scholarly Research Network and at the recent coasp conference Paul Peters gave an overview of how their peer review system works, I think it’s genius.
The idea of megajournals had not really formalised in my head before, but at the COASP meeting the talk was all about “Megajournals”. [PLoSOne][plosone] is the archetype for this kind of journal, and it had not really struck me before as a huge revolution in the publishing industry, but after listening to a couple of days worth of talks on the topic I’m convincible.
Megajournals are so called because they are structured to be able to publish many more articles than has been the normal practice with traditional journals.
TL;DR OA publishing is maturing with a scalable business model that all the big publishers are jumping all over. Money will be made (but less than before), and more content will be more open. The poor lamentable nay-sayers who carp on unheard in the darkness will be forgotten, and their Cassandra-like predictions will fade to be recalled as little more than the mutterings of fools (OK, that last bit is probably opinion).
Axel Boldt posted an interesting short paper discussing how to turn the physics ArXiV into an open peer review system. It’s a short read, about three pages, but if you are familiar with the problems around peer review then you can just jump to part three of the paper which is a little under a page.
The solution proposed is to create a new role of editor on the ArXiV, and allow anyone to propose their paper for review.