alt Hacker NewsMake it an external service then, and leave the thing that's already working great to just be.
The reason authors like and use arxiv is that it gives 1) a timestamp, 2) a standardized citable ID, and 3) stable hosting of the pdf. And readers like the no-nonsense single click download of the pdf and a barebones consistent website look.
All else is a side show.
You have to keep in mind that an increasing portion of their time and labor is going towards moderation and filtering due to a mass influx of nonsensical AI generated papers, non-academic numerology-tier hackery, and other useless drivel.
Spinning the service off forces other the labor out onto other universities rather than leaving them to solely Cornell