PeerJ

Open Access logo, converted into svg, designed...
Peter Binfield is leaving PLoS One on May 18th. He's starting a new, even more radical approach to Open Access publishing -- PeerJ.

PeerJ is based on lifetime memberships, starting at just $99, that give authors rights to publish in its peer-reviewed journal. It's mission is to

Provide a platform to openly publish peer reviewed scholarly research at a price that reflects the dramatic decrease in costs brought about from today's technology. We believe an open model such as this will accelerate the outcome of research for both the individual researcher and the community. (from the PeerJ website)
It's hard for me to see how PeerJ will manage to provide Open Access publishing for such a low lifetime cost, but I signed myself up for the mailing list. If you'd like to sign up too, please use my referral link:

http://peerj.com/r/jNTBJ