The relevant part seems to be:
Wiley-Blackwell will support our authors by posting the accepted version of articles by NIH grant-holders to PubMed Central upon acceptance by the journal. The accepted version is the version that incorporates all amendments made during peer review, but prior to the publisher’s copy-editing and typesetting. This accepted version will be made publicly available 12 months after publication. The NIH mandate applies to all articles based on research that has been wholly or partially funded by the NIH and that are accepted for publication on or after April 7, 2008.
So it seems that NIH-funded articles will appear in an Open-Access outlet, but 12 months after publication. I don’t know all of the details of the NIH rules, but this does seem a step in the right direction.
Cheap Talk 
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March 16, 2009 at 4:07 pm
Peter Suber
The Wiley-Blackwell policy is typical: accommodate the NIH policy but demand the maximum permissible embargo (12 months).
See the list at OAD: Publisher policies on NIH-funded authors.
March 18, 2009 at 8:11 am
Dean Foster
I think this is a battle we can win as accedemics. I personally have been fighting the good fight the best way I know how–through rational in-action. I refuse to review for journals that aren’t open access.
Some non-game theorist are confused by the fact that I’m willing to publish in non-open access journals. But there I personally get benifit–so I mantain rationality.
I invite everyone to join me in this behaviour.