The universities have to focus on something else that provides value. If the author thinks that courses and diplomas are University's only valuable assets ... than yes, they are screwed. But I don't think that and I am actually full of hope that something awesome will come out of this.
- Even if some authors of MOOCs say they want to replace university education, they don't really try
- Most of the people benefiting from a MOOC have no business attending that course in a "real" university, much less an elite one
- The image of "Pandora's Box" assumes that all players that could potentially open it have a strong incentive not to do so...