Great idea; however, bureaucracy will prevent it from working. I hate to be negative about the idea, because I actually would like to see this come to fruition. However, I work at a University, and I can assure you that developing articulation agreements between universities is a major challenge. One of the questions is this: which university will issue the degree? That university has to approve all the courses that would be part of this consortium, and university committees, composed of faculty, typically make those kinds of approvals. And they take forever. And faculty are notoriously cranky, obstructive, and difficult to work with. Getting all the universities in one system to work together is next to impossible; getting un-affiliated universities to work together is a tremendous challenge that I don't see a solution to.