More fuel for the MOOC discussions:
    
http://moreorlessbunk.wordpress.com/2013/03/27/they-can-hire-one-half-the-professoriate/

I still see MOOCs as an augmentation, much like textbooks.  It does flip
the "homework coursework" vector .. you watch the class as homework and you
do things for coursework.

   -- Owen
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