I certainly do not. It is usually enough of a challenge to cover "overpage" charges that publishers charge when an accepted article runs over the "standard" length (usually 8 pages for a standard or regular article). Often times, the "extra" pages are introduced by additional text required to satisfy reviewers. One time I was requested to convert an 8 page article submitted as a regular paper into a short paper format (4 page limit), while adding a significant amount of new content. The result? A 7 page article that ended up costing $575 to publish. We won't even talk about charges for colour figures, which can run into the thousands.

Of course the money spent on overpage charges could be better spent on graduate student stipends, equipment purchases and maintenance, software licensing, attending conferences, and other expenses incurred by an active research program.

Other open journals, while still expensive, charge significantly less than what the IEEE is proposing. The challenge for academics is that, at least for now, IEEE journals are well regarded, well cited and considered to be a prestigious venue for publication.

The open access publishers like PLoS also have publication charges. The fact is that properly reviewed and edited journals do add value, producing journals costs money, and at some point, somebody has to pay.