MIT is stepping to the front by making their scholarly articles available to the public. They will be available through an open source platform DSpace. See the article in Campus Technology News Update.
I like this quote from Hal Abelson, the Class of 1922 Professor of Electrical Engineering & Computer Science ad chair of the Ad-Hoc Faculty Committee on Open Access Publishing:
“Scholarly publishing has so far been based purely on contracts between publishers and individual faculty authors.In that system, faculty members and their institutions are powerless. This resolution changes that by creating a role in the publishing process for the faculty as a whole, not just as isolated individuals.”