Daniel Graziotin, Xiaofeng Wang, and Pekka Abrahamsson have self-archived "A Framework for Systematic Analysis of Open Access Journals and its Application in Software Engineering and Information Systems" in arXiv.org.
Here's an excerpt:
This study empirically demonstrated that high publication charges are not sufficiently justified by the publishers, which often lack transparency and may prevent authors from adopting Open Access. It showed that there are no features provided by journals with publication fees, which are not offered by those not requiring charges to authors. The article warned the authors to investigate which agreements have been signed by the journal publisher in order to ensure visibility to accepted papers. It also raised important concerns like that the articles of three fourths of Open Access journals in Software Engineering and Information Systems may be in danger of disappearing if the journals lose their content. Last but not least, this study showed that Open Access journals and publishers in the fields of Software Engineering and Information Systems have a significant margin of improvement regarding the perceived trustworthiness.
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