Yes, but this can all be done without any actual journal, i.e., no physical product, no website (other than the submission link), no typesetting, and most impor

Yes, but this can all be done without any actual journal, i.e., no physical product, no website (other than the submission link), no typesetting, and most importantly nothing bound by a copyright. This substantially lowers costs. They are called "arXiv overlay journals". http://quantum-journal.org/announcing-quantum/ http://quantum-journal.org/announcing-quantum/ http://www.nature.com/news/open-journals-that-piggyback-on-arxiv-gather-momentum-1.19102 http://www.nature.com/news/open-journals-that-piggyback-on-a... https://www.aps.org/publications/apsnews/201602/arxiv.cfm https://www.aps.org/publications/apsnews/201602/arxiv.cfm