At least according to this reading of a Chronicle story by Chris Newfield. Short version that both faculty and university presidents agree that MOOCs will have a negative impact on higher ed, and that this opinion is held by people who nonetheless seem open to technological innovation and other kinds of innovation in teaching (so it’s not just a thoughtless resistance to change).
And yet, the problem is that for about 18 months state legislatures were allowed to pretend (or pretended to pretend) that the MOOC would allow for further cutting of state support for higher education…
In other words, when universities lose MOOCs as a budget solution, they lose the main source of hope that state politicians had for a free fix of the college cost problem for a less affluent, not wonderfully educated younger generation. MOOCs were the austerity solution to the mass quality problem. Without them, tempers will flare, fingers will point, and funding will not be restored. In the meantime, faculty are going to have to lead higher ed innovation anyway, and the good news is that post-MOOC-as-cure-all faculty don’t need to focus on the technology to the exclusion of the “human side” of teaching and learning.
Now that the MOOC seems to be a non-viable solution, we can look forward to the rapid restoration of that missing funding.