The basic problem with the alternative of open access journals seems to be the incentives to get as many articles out as possible to reap the per-article public

The basic problem with the alternative of open access journals seems to be the incentives to get as many articles out as possible to reap the per-article publication fees, which ends up affecting review/editing quality. Have there been experiments in yet other, more decentralized models of academic publishing? Think something like Arxiv but with more features for discussion/review/endorsments by other researchers in the field, maybe?