Ah, but I had at least one class like that while I was in university. Then the question becomes, if you can't get help from the professor... do you stick it out anyway and TRY to finish, or give up and waste thousands of dollars?
I would expect MOOCs to have less oversight than classes at a traditional university, so more of those unsuitable professor/teachers will slip through. My point is that paying for a class and showing up in person still does not guarantee an education in that subject (unfortunately).
You've got a point, but did you know... FedEx has a contract with USPS to actually move a lot of USPS packages around the country?
Many subjects don't NEED "new and updated" textbooks. Honestly, has primary & secondary math changed in 50 years? Yet new textbooks are issued every 2-3 years. Science changes, but even that is slow compared to a high school student's career - doctorate-level ground-breaking research takes 30 years to filter down to the high school level.
If you're looking at e-books, history and science texts could be simply added on to instead of completely replaced. The publishers probably won't let that happen, though. Big money in textbook publishing.
Do you guys know what you're doing, or are you just hacking?