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An Open Letter to Google: Google University on YouTube
"In a word, despite college propaganda to the contrary, at current rates, a four year degree at a typical college or university dramatically decreases a family’s overall lifetime wealth rather than increasing it."
Amusing; projects to effect the changes projected have been underway for a long time, tho (OCW certainly being the most prominent example; find more in video-lectures).
Also, Phil Dawes: "[...] [H]aving spent a bit of time watching videos recently I've got to wonder if the video presentation is the future of university-level computer science education. I get so much more out of watching technical videos and then looking stuff up in Wikipedia than I ever did out of going to undergrad lectures."
What requires work is the social substrate (and of course the credit-granting system).
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Christian Langreiter, Langkampfen