It's about time. Currently governments fund most of the research, and then constantly have to pay exorbitant fees for every copy of the resulting work. This will also have a tremendous positive effect for the public, Who currently do not have easy access to the work that they're paying for, and in many cases the only stuff they can easily get is quackery or old things. The only thing this is bad for is the Publishers who do not want to adjust to the internet.