In the pre-Internet era, the role of CRAS was clear: publishing quickly announcements of results that would be published in full, later and elsewhere. To speed up publication, academicians or corresponding members had the power of accepting a note without having it refereed, with all the inherent risks (I remember the late Raoul Bott quipping, around 1983: "On the stock exchange, CRAS would be rated B"). Nowadays, in view of the role taken by ArXiV in quick dissemination of results, my feeling is that CRAS is more and more evolving to a journal publishing short papers with complete proofs, duly refereed, with the advantage of a quick decision process. In the committees where I've been recently, CRAS is rated as an ordinary journal. The only thing that would prevent me to submit to them, is Elsevier's pricing policy: see http://www.elsevier.com/wps/find/journaldescription.cws_home/621366/bibliographic
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