They just had their launch party a couple days ago, and the pay-as-you-go service will soon be fully open to the public (they’re currently in invite-only private beta). No word on what their pricing model is.
The site is well designed, and allows you to display your photographs in various templates without requiring HTML knowledge. Among the templates is one that features your photographs at a large Big Picture-esque resolution:
The photo hosting and sharing space is chock-full of competition, but fotojournal might be able to find a niche with its clean design and flexible format.