occupy publishing: scientific journals in the e-publishing age

"As print fades into history, there is no reason why scientists cannot have a system where their so-called pre-publications (e.g. on arXiv.org, a current source for many of these) can be reviewed, and with revisions acceptable to a peer community be qualified as being designated as published. Proposal: arXiv.org continues as it is and some group creates arXiv-Review.org (completely independent of arXiv.org) that accomplishes the intended goal of reviewing the articles of arXiv.org. When an article on arXiv.org gets a pass from the arXiv-Review.org scientific peer community, it's designated as published....What would be the result? A free and open article submission and access system as it exists now (arXiv.org) and a independent review system (arXiv-Review.org)....Looks like the site has been created...."