Can Webvan founder succeed with online archives?

2 stories (One, Two) on Louis Borders, they guy behind Webvan.

His new gig is KeepMedia, he describes it as an online newsstand. When it launches later this month, consumers will be able to pay $4.95 a month for access to the archives of 150 publications.
Gary Price Points Out: once again a service that’s selling remotely accessible access to material (and much more of it) that public, academic, and other types of libraries are offering patrons for free.