Date: 2008-10-23 09:40 pm (UTC)
my point is that virtual school is possible and it can be even highly ranked (as far as I remember about No 20 in the world). But they are of course much less ambitious:

* No new facilities. Rented on need to have basis
* No research overhead. In fact, pretty much no permanent faculty at all.
* No expenses for books/IT other than bare minimum (or rented via Erasums)
* Small admin staff

Well, then I guess it can work. But here thise guys spent 100 mln already...

It reminds me the presentation in Stockholm about new MBA program. Basically 2 hours of flashy crap. And then one guy stood up and asked if returning sponsor money is an option.
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