First of all, I'm optimistic about this. Apprenticeships could even trickle up. Here's what I mean. The article talks about an apprenticeship in the insurance industry where you're taking college classes while working a day job. This could expand into other areas, such as junior engineers / designers / programmers. It might not replace college, but turn college into something that blends with job training in a more explicit way, so that it's not an either-or choice.
But I'm wary because we don't know the breadth of what these apprenticeships actually look like, the long term prospects of the people who go through them, or the attrition rate. Remember the private for-profit college scandals. College graduates have been studied to death, but has the same scrutiny been applied to the trades?