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eLife is a unique collaboration between funders and practitioners of research to communicate influential discoveries in the life and biomedical sciences in the most effective way. eLife began following a workshop at the Howard Hughes Medical Institute in 2010, where attending scientists concluded that there was a need for a model of academic publishing that better suited the needs of their community. In eLife a team of highly regarded, experienced and actively practicing scientists ensures fair, swift and transparent editorial decisions followed by rapid online publication. The editorial team are editorially independent of the funders. They rely on their scientific expertise and active research experience to identify the best papers, make scientifically based judgements and exercise leadership in steering these papers through peer review. The entire content of the journal is freely available for all to read and reproduce for unrestricted use.

Very interesting project. I spent some time exploring some of the papers. They do seem to be opening up the peer review process slightly be publishing a "decision letter" and "author response" with each paper. I also appreciate the seeming attempt to include data publication in the publication of the paper. Though it does seem to me that some of the papers don't have enough data accompanying them, so I wonder what their data publication policy is.