ALPSP study of open access

The ALSP (Association of Learned Society Publishers) have released a study of Open Access:

The Facts About Open Access: A study of the financial and non-financial effects of alternative business models on scholarly journals (ISBN 978-0-907341-30-7) by Kaufman-Wills Group, LLC

Their conclusions:
1. " It is too early to tell whether Full Open Access is a viable business model ";  I think most people would agree.
2.  "Scholarly journal publishing is in an unprecedented state of flux"; incontestable.
3.  "Peer review and copy-editing may be less rigorous with Full Open Access journals"; highly controversial