The founders of this new online company claim their goal is to bring down the traditional education systems with their new product Supercool School (unfortunate name, potentially promising product) that lets anyone start their own online school. I can see this having huge implications for cooperate training and DIY training, it will likely disrupt some community education programming, but will it replace school? Doubtful but then how many products actually find a niche in the populations they envision their product serving?
Allison Leithner has a nice post on Change.org today about this company. Go read it.