Update, 10:32am 2/6/2012: the Galter Health Sciences library is tracking the Elsevier boycott and the response to the Research Works Act
Update, 12:01pm 1/30/2011: Forbes also has a piece about this
An interesting blog post by Tim Gowers, professor of mathematics at Cambridge University: “Elsevier, my part in its downfall”
In response, a petition site has been established with 1741 signatures so far. Ellen Duranceau (MIT) provides a bit more background and comments on MIT faculty response .