Through a post on B-Greek, I've become aware of SIL's Journal of Translation. Articles for 2005 (two issues, four articles per issue) are online as PDF files. The Editor's Forward to Issue 1 Notes:

Welcome to the long-awaited launching of SIL’s Journal of Translation. In one sense, this is a replacement for Notes on Translation, as it provides an outlet for academic writing and research in this field. But JOT is truly different. It is a peer-reviewed, academic e-journal which incorporates recent investigations and discoveries not only in translation but also in related areas of study. We initially plan to e-publish the Journal three times a year, April, August, and December.

The site is set up with excellent indexes so that all articles are indexed by title, author and subject. And the content looks pretty good too.

Now, if they just had an RSS feed or email announcements when new issues come out ...