Todd Scacewater at ExegeticalTools.com recently posted on a session he attended at SBL on how to get published in a peer-review journal. The overview he gives is helpful and provides some insight into the way journal editors approach their work. Important to remember is that on average roughly 75% of paper submissions are rejected, which means that getting a rejection is a normal part of the publishing process. The flipside to this is that these journals have to have a regular flow of submissions, of which they publish about 25%. If they've got to publish someone's article, why not mine? And if they have to publish regularly, why not publish mine now? The short of it is, go ahead and submit. The worst they can do is say no.