It's a revolution a change we have all been waiting to experience.
I see the future of university education with a lot of hope and optimism, Academic institutions will not be profit driven, that will make university education available to many at low or no cost. We will probably have less of old convential classroom, it will be fun to have your lecturer come to your living room through virtual classes.
We will have enough time to study and work anywhere any time. We will become masters and professors in topics that interest and fascinate us.(At no cost- there is a lot of free academies, lectures and notes out there)Already enrolled we may never go back to class again but we will study in this university of self taught(Read what we want or interests us). Today's students are very bright probably than their teachers due to access to learning materials and sharing of ideas.
If you are still skeptic look at the sites below and see how that will happen, thanks to all who have made it happen. A list of free online course's sites.
1- www.edx.org
9- www.ocw.mit.edu
11- www.oli.cmu.edu
16- www.ck12.org
17- www.udemy.com
20- www.p2pu.org
25- www.saylor.org
26- www.nalandau.com
29- www.phodphad.com
31- www.floqq.com