As someone who hates to see this stuff disappear, there is still a cynical person inside me that knows there are a glut of journals that are often used to bump publishing count for professors trying to get tenure.
That cynic inside of me also realizes that a subset of the journal business is a bit of a scam anyway since frequently authors have to pay the journals to include their paper and then the journals charge an exorbitant rate to get access. Have you tried to buy a journal article lately ($35 for one paper!) -- yeah, neither have I.