A friend just forwarded me the following link:

http://math.rejecta.org/

quote:

"

Rejecta Mathematica is a new, open access, online journal that publishes only papers that have been rejected from peer-reviewed journals (or conferences with comparable review standards) in the mathematical sciences. We are currently seeking submissions for our inaugural issue.
About Rejecta Mathematica

At Rejecta Mathematica, we believe that many previously rejected papers can nonetheless have a very real value to the academic community. This value may take many forms: