F1000 Research is an open access journal that may radically change scholarly communication. The journal will rely on post-publication peer review. This is the latest initiative of the Faculty of 1000 where senior scientists select and evaluate top published papers in biomedicine.
The new journal will also publish the data behind the research such as incomplete data sets, negative results and "thought experiments" which normally never find a home in the journal literature.
Any submission that passes a basic "sanity check" will be published and then specific experts will be invited to post a review. Other readers can also add their comments. The journal will be funded by article fees presumably using the pay per view model. There are lots of operational questions still to be answered but the journal hopes to formally launched later in 2012.