In the spring 2003 issue of Mathematical Intelligencer there's an article titled "Predicting the Future of Scholarly Publishing" by John Ewing. Ewing is a bit skeptical of the whole free online scholarship movement, tending to favour something closer to the current model for journal publication. "Throwing out the baby with the bath water" might describe his viewpoint of the mad rush to FOS. I don't really agree with a lot of what he says, but he does make a lot of interesting points. Ewing's site at the AMS also has several other articles about scholarly communications in mathematics. All together, a treasure trove of information and opinion. BTW, he's Executive Director of the American Mathematical Society, so he's not exactly a disinterested observer. From slapam-l.