Don't believe the hype: Nobody has figured out how to replace traditional higher education yet, and they're not about to.
The idea that the Internet is about to do to college what it's done to journalism and entertainment seems to be coming dangerously close to conventional wisdom in certain elite circles. Here's blogger/economist Tyler Cowen yesterday at the Aspen Ideas Festival:
Look at the music industry. It's been completely overturned by the Internet. My vision of the world is that everywhere will be like the music industry, but we've only seen it in a few places so far. Journalism is in the midst of the battle. And higher education is probably next.