(Originally posted at http://joelnoche.multiply.com/journal/item/60/Rejecta-Mathematica on June 21, 2011 6:51 AM)
Rejecta Mathematica, “a real open access online journal publishing only papers that have been rejected from peer-reviewed journals in the mathematical sciences,” has just released its second issue. It’s main problem, in my opinion, is that it is not peer-reviewed (just “peer-skimmed“). But the editors of the journal seem to feel that this is its main feature. (Some critics believe that the peer review process is flawed.) Interestingly, the editors have degrees in electrical and/or computer engineering, but apparently none in mathematics (except for Michael Wakin, who has a B.A. in mathematics).
I believe that a journal like this, if handled correctly, may serve an important purpose. But I think it is still too early to say if the editors have succeeded in their goals.