I have long been saying that Universities are in for trouble - as why would a student get out of bed early in the morning to attend a boring lecture when he or she could watch one of the world's best professors on the subject deliver the lecture at any time of the day and night that they chose - maybe with a friend or two and a few beers.
This report that you can watch 120 hours of lectures on Physics by Lenny Susskind, for free on YouTube only confirms the idea.