OhioLINK [is] a consortium of the libraries of 86 Ohio colleges and universities....
Tom Sanville, Executive director of OhioLINK said: "SCOAP3, if successful, offers what we would like to all see with Open Access journals - at least a zero sum game or better. It is not a dual investment with traditional subscriptions but a replacement at not worse than the value of our current investment and hopefully better. For that reason alone the OhioLINK community thinks it worthwhile to support CERN's steps to see if this can be put into practice for important journal content".
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.