Access Copyright appears to be on the verge of successfully cowing Canadian universities into paying for their own harassment, and is doing so with the full support of the AUCC. In fact, as Ariel Katz describes it, the particular steps the AUCC has taken in the matter virtually coerce individual Universities into accepting this very bad agreement, and in fact the AUCC paid for legal advice from sources inimical to the interests of their stakeholders.
If you get the feeling, as a student, a taxpayer, or an University employee with any residual sense of commitment to fair play, that you are being fleeced… well, you are. The result will be bad.
The good news is, of course, that this is a blip. The worldwide trend is to open access materials, as recently demonstrated by TOR (a publisher which recently removed DRM from all its works), by the University of Minnesota (which has just catalogued open access electronic textbooks), and by Harvard, which informed their faculty that they cannot afford to pay for journals anymore, and asks them to cease supporting commercial journals with their submissions and editorial work.