MIT Press has launched a new open access journal, called Open Mind. Its scientific scope coincides with that of Elsevier's Cognition, which due to Elsevier's aggressive commercial politics (i.e., journal packaging and prohibitive pricing) has become more and more problematic.
'Because Open Mind comes at a transitional phase in the academic publishing industry, it’s worth summarizing why we chose to start yet another journal and why we chose to do it as we did. Given the proliferation of academic journals in the past decade, what is the point of adding one more into the mix? Our primary motivation was to create a high-prestige journal in the cognitive sciences that focuses on a short-report format published online using an affordable, gold Open Access model.'
In this context, 'affordable' means this: 'Open Mind charges an article processing charge of $950 per accepted manuscript'.
Much better than Cognition's price, but not cheap either!