APS and BNL Host XXX e-Print Archive Mirror Feb. 1, 2000
The APS is establishing, in cooperation with Brookhaven National Laboratory, the first electronic mirror in the United States for the Los Alamos e-Print Archive.
Today, from the landing page, it describes itself as "arXiv is a free distribution service and an open-access archive for nearly 2.4 million scholarly articles in the fields of [long list]. Materials on this site are not peer-reviewed by arXiv.
Well, that's a large part of the problem. A lot of the stuff there now will never see a journal (even of dubious quality) and there is limited filtering of what new submissions will be stored. GIGO.
Best thing ArXiv could do is go back to their roots - limit the fields and return to preprint only. Spin off the comp sci stuff for sure to someone else along with all its headaches.
fixed: url