I think that I like this article, partly as a balance to what I feel is some minor ‘publisher bashing’ emerging from some Open Access zealots, but mainly because the author, Joseph J. Esposito, is an experienced publishing guy with some reasoned arguments.
He also fairly regularly posts to the Liblicense e-mail list. http://www.library.yale.edu/~llicense/mailing-list.shtml which I also find a very useful resource.

One of the more colourful quotes from his article:
“The cost of “free” is simply too expensive unless we strip away almost all the administrative costs. This is why libraries are very poor places to establish open-access services: libraries provide outstanding high-touch service and are culturally out of synch with the need for literally impersonal technical services. A successful open-access organization has to be operated with the ruthlessness of a Henry Ford, not the warm, helpful manner of a librarian.”