Via Dan Gillmor, an interview with Harold Varmus in New Scientist.
In answer to the question, "But why bother?"
Well, it doesn't live up to the opportunities that are created by the internet. The system as it exists has produced many good journals, but journals are expensive and increasingly people are reading and searching online. There's an opportunity here to eliminate boundaries between the individual and the information, and between pieces of information.
Well worth reading.
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