Harvard is pushing its faculty to publish in open access journals due the high prices that journals charge. Here is the article: http://www.engadget.com/2012/04/25/harvard-overpaying-for-research-wants-open-access/
I have recently been thinking about this concept: I spend a lot of time writing an article, months of revision, and finally get it published only to find that my school needs to pay a significant amount of money to access the article. Not only that, but I am paid nothing and lose rights to it. Additionally, this journal will probably ask me to help peer review their articles, again paying me nothing. This makes no sense. Either the schools or professors need to be paid for this work and should not be charge outrageous amounts of money for journal access since all of the leg work was done for free by faculty. So open access makes sense. Open access journals are usually online and available for free to anyone.
The only problem for myself? I am not a full professor so I need to continue publishing to the ‘top’ journals whether they are open access or not. So while I applaud Harvard’s effort, I hope that they are telling their junior faculty that they do not need to go for the ‘top’ journals but rather open access journals (and open access can be the ‘top tier 1’ journals but I am just assuming they are not in all cases)