I think replacing the traditional 4-year college with MooCs would be really tough, but at the same time there's a lot of value in them. Giving the common person

I think replacing the traditional 4-year college with MooCs would be really tough, but at the same time there's a lot of value in them. Giving the common person access to education from some of the best schools in the country is really terrific. The fact that so many world-renowned universities have participated at Coursera and edX says to me those institutions see value in the endeavor. In fact, some of those top-notch institutions are not only participating but leading the effort. E.g., Stanford at Coursera and MIT/Harvard/Berkeley at edX. The other day I read an interview(can't find the link now) with Daphne Koller, one of Coursera's founders. At the end she says that much of what is written about MooCs tends to be hyperbolic one way or another.