Elsevier published 6 fake journals. (Requires free registration to view which is a minor nuisance but more ethical than getting a password from Bugmenot.com. <looks shifty>)
Librarians have investigated the extent of the issue further here and here [Edit: and here], and talked about why librarians should be disturbed. There’s a short discussion about what ethical responsibilities libraries/library organisations might have.
For a bit of Friday Fun (particularly recommended for people who’ve worked with serials) also read discussion on “I think the LSW needs to get Elsevier to publish the Australasian Journal of Library Science.” (LSW is the Library Society of the World, an informal unorganisation, which has a Cod of Ethics and will soon be publishing a zine.)
Deborah