As Sanjay Sarma, Dean at MIT described it; "We're democratizing access to a master’s program for learners worldwide,”.
A better way to get material to students on demand with ability to take pauses/breaks when needed and repeat sections if needed. Professors will be able to record when it fits their schedule and basic courses, which are unlikely to change much can be reused.
Important to create a learning environment in connection to the online courses with study groups and mentors.
Key part will be for universities to be flexible and give credit from courses living up to the their standards (should be pre-populated).