On Friday, MIT announced that its faculty has unanimously voted to make their scholarship available for free to the public. Authors will give MIT nonexclusive permission to make their articles available through DSpace@MIT, an open access platform developed by MIT Libraries and HP. Under the policy, MIT and its faculty authors may use their articles in any way other than to make a profit. They may also authorize others to use the works under the same terms. Authors may opt out of the policy on a paper-by-paper basis.
Read more about the policy:
Blog entry from Open Access News, reprinting the resolution.