I checked their website, whaddayaknow, they now charge a $2 fee to submit. My first thought was Holy Shit, if American Short Fiction, a seemingly reputable literary mag, can charge what amounts to a reading fee, who's next? Granted, $2 isn't much, but take that thought out a little bit: if everyone starts charging $2, or $5, or $7, multiply that by the many, many submissions a lot of writers keep out (off-hand, I know Mercedes keeps around 30 alive at any given time, for example). That's $60 in reading fees, in a world where most of us don't make that much in revenue from short stories in a month. I would happy-dance if I sold a single $20 story in a month.
My next thought was: I wish them luck getting writers to submit after getting kicked off of Duotrope.
My third thought was: no, I really don't wish them luck with that. At all. As much as I don't like seeing magazines fold under financial stress, I like even less for it to get harder for writers to get paid. So, I wish them bad luck with that, and hope they find a way to make more money with subscriptions and advertising.
Be interesting to see how this little experiment works out...