Fidelity as a figure of merit in quantum error correction
  We discuss the fidelity as a figure of merit in quantum error correction schemes. We show that when identifiable but uncorrectable errors occur as a result of the action of the channel, a common strategy that improves the fidelity actually decreases the transmitted mutual information. The conclusion is that while the fidelity is simple to calculate and therefore often used, it is perhaps not always a recommendable figure of merit for quantum error correction. The reason is that while it roughly speaking encourages optimisation of the "mean probability of success", it gives no incentive for a protocol to indicate exactly where the errors lurk. For small error probabilities, the latter information is more important for the integrity of the information than optimising the mean probability of success. 
Jonas Alml\"of and Gunnar Bj\"ork
quant-ph