John Holbo has a fascinating post up at The Valve today, in which he begins thinking through some of the key questions that we've raised here, most notably why an electronic press is a good point of response to the current crisis in scholarly publishing, why a gift-economy model for such a press is important, and what the relationship between our venture and the current structures of academic discourse and validation might turn out to be.

I'd like to encourage all of you to read his post, and let's discuss.