<p>I think the problems of academic honesty can eventually be solved through the use of technology and establishment of test centers where proctored exams can be given. As far as the quality of the courses are concerned, I have taken several in Physics and Math and think they are the equal or better than classes taught in a lecture hall.</p>
<p>The problem is, as eyemgi alluded to is that no one has figured out how to make money offering MOOCS. Coursera seems to have received financing from investors and are using that money to finance their operations but a day will come when the people who fronted the money are going to want a return on their investment. MOOCS are very popular now that they are free but if they start charging for them will that popularity last?</p>