Just caught this on the SCBWI blog-
CBAY Books is Taking Submissions
Posted: 23 Jan 2011 09:34 PM PST
CBAY (Children's Brains Are Yummy) is currently taking book submissions. January 15-31 they will be accepting unsolicited manuscript submissions for only fantasy and science fiction picture books. These will be for traditional 32-page picture books for ages 2-5.
This submission round is for electronic submissions only. Please see their link for guidelines, and make sure you read through their website to familiarize yourself with their company.