Good news! Publishers Weekly has just announced they will begin reviewing self-published books in a quarterly supplement called PW Select. The first one is scheduled to appear in December. From the article:
Titles submitted for our first supplement must have been published in 2010 and have a valid ISBN. We will not accept manuscripts or e-books (this time). Only final bound galleys or finished books will be accepted. Books cannot be returned; once finished the copies are donated to Housing Works Thrift Shop, a worthy local charity.
Please, please send your book in a bio-sensitive package (i.e., no bubble wrap or plastic envelopes). Also, please use packaging appropriate to the book you are submitting: no boxes full of packing peanuts or paper stuffing. We recommend reusable and recycled paper envelopes. An acknowledgment of the book’s arrival will be issued via e-mail upon receipt.