William H. Walters and Esther Isabelle Wilder, "The Cost Implications of Open-access Publishing in the Life Sciences," BioScience, July/August, 2007. I link to the journal, not the article, because not even a TOC or abstract is free online, at least so far.
The open access movement:
Putting peer-reviewed scientific and scholarly literature
on the internet. Making it available free of charge and
free of most copyright and licensing restrictions.
Removing the barriers to serious research.
I recommend the OA tracking project (OATP) as the best way to stay on top of new OA developments. You can read the OATP feed on a blog-like web page or subscribe to it by RSS, email, or Twitter. You can also help build the feed by tagging new developments you encounter.