A comment on the online Nature website says it all

Phantastic. Moreover, the peer-review system is broken with top PI’s getting away with publishing high impact poorly reviewed rubbish. If more non-peer-reviewed research becomes more prominent it will hardly make a difference to quality and can overall only be a good thing.

commenting on the recent decision at Harvard to automatically publish all papers by its Faculty of Arts and Sciences on the university’s website (except there is a waiver). I am waiting for the first German university to follow; effectively since January 2008 we get all our ordered documents on paper again for copyright reasons.