Comment Re:the challenges of the current policy (Score 4, Informative) 223
You wrote that "most major university libraries already have licenses to the closed data", when you SHOULD have written "most major WEALTHY university libraries already have licenses to the closed data."
Even before the current economic problems, many public universities have been cutting journal subscriptions wholesale, and the trend is only increasing. I work at one of the campuses of the City University of New York and our journal subscriptions are abysmal. If you publish regularly in any of the more expensive commercial journals (outside of the very tip-top 5 or so in your field), I can guarantee you that your work is not being read as much as it perhaps should be at my institution.
Of course, the administrative and budgetary problems you describe with the current open access model are very real - I certainly don't have the budget to publish exclusively in these journals. Nonetheless, the ever-increasing costs of the commercial system are leading to some serious problems and contributing to a growing divide between the haves and the have-nots of the academic science world.
If there were only one or two commercial journals that I would like to access that my library does not subscribe to, I would be willing to bite the bullet and buy personal subscriptions, but I cannot afford to buy personal subscriptions to a dozen or more commercial journals.
While "$10-20k/year for page charges" may only "result in less science," it doesn't matter how much science you do if no one reads it... Instead of paying these charges out of our direct grant funds, our institutions need to make institution-wide deals with open access publishers out of our grant overhead (re-routing, for example, the money that they are currently spending on overpriced commercial journal subscriptions).