Universities don't sell education, they sell degrees. The education part is just an opportunity for them to get students to drop out, netting them money without inflating their degrees. People who actually want to learn have been doing it better on the internet than in the classroom for the past fifteen years.
People who actually want to learn have been doing it in the library, study hall, or in their own dorm room. You can't learn most of the hard sciences, or even the humanities, from online. You have to do it in a lab, or read the hard copy/visit the site/examine the artifacts.
CS you can learn online. Math you can learn online. Everything else, offline trumps the shit out of online, and it always will.
