[jmromer]

Done properly, the flipped classroom + MOOC format would allow for more personal interaction than the traditional university setting currently does for all but the best students at the most elite schools.

That they haven't succeeded says less about MOOCs than about the distribution of institutional power in traditional universities, where your typical administrator will see MOOCs merely as an opportunity to cut costs that wouldn't have to be cut if administrative bloat weren't crowding out everything else.