"With modern technology, if all there is is music, we don't need musicians to do it.
... Get 'em to do it once, put it on the Web, and fire the musicians."
Careful where you go with that line of thinking. And if anyone says, "there's a difference between a physics lecture, and something creative like music," I would respond that you've never had a good physics teacher. Physics is very creative, once you start getting into the upper levels.
Eric Mazur gave a talk here at the University of Waterloo, and his talk was not about getting rid of lectures, per se. That's something the NPR reporter seems to assume, to the point where (s)he inserted soundbytes from an entirely different physics prof. Mazur's focus is about making the classtime much more interactive, to give students feedback about whether or not they really grasp the concepts. Again, it's about guided creativity. And no, you can't get rid of the professor in that situation.
(Yes, I was a physics major.)