It's also illegal as all hell, but I'm sure no one cares.
Depends on your jurisdiction, doesn't it?
dont university libraries already give you access to thousands of journals?
Yes, but I kind of hate this idea that to do science you have to be a member of a university. What happened to independent scientists like Tesla? I'm sure there are really smart people out there who don't have the privilege to be in a university setting. Does that mean that they should be excluded from the exchange of scientific knowledge?
Besides, the current journals model is quite greedy - scientific journals do not pay for peer reviews and do not pay the authors of the papers. They obtain their profits simply because they have a monopoly on publishing. If you are a scientist, you have to sign away a large part of your rights on your paper just so you can get it into a high-impact journal. That's sad and slowly changing with the advent of open-source journals but old and bad habits tend to be hard to forget.
I think one of the most beautiful things about the Internet is the potential to share knowledge with anyone in the world, no matter of their nationality, political leanings or economic background. This is partly why I'm offering this.