gets it.  The quote below reflects my concerns about replacing courses with MOOCs. I particularly enjoyed the reference to the proposed “New University of California” (whose online-tests-only degrees sound like what the University of Wisconsin just agreed to) as “particularly ludicrous.”
The same California State Legislature that cut the higher education budget to ribbons, while spending ever larger sums on prisons, now proposes to magically set things right by requiring public colleges and universities to offer more online courses. The problem is that online courses as generally configured are not broadly useful. They work well for highly skilled, highly motivated students but are potentially disastrous for large numbers of struggling students who lack basic competencies and require remedial education. These courses would be a questionable fit for first-time freshmen in the 23-campus California State University system, more than 60 percent of whom need remedial instruction in math, English or both.
via Resurrecting California’s Public Universities –