i remember when the online journal M/C - Media and Culture first appeared in 1998. eight years later, it's still going and going stronger than ever. a new call for papers for a special issues on the topic of free (edited by trebor scholz and rachel cobcroft) looks particularly interesting. (see the rest of the CFPs here.)
it's one thing to launch a digital project. everyone is excited to experiment and explore. with time, though, attention spans wander, excitment sort of evaporates, funding runs out, etc. sustainability - online or offline - is hard work. it's great to see M/C not only survive but thrive.