And the pendulum swings back. While there are differences, fundamentally the proposition of mentors, internship-based learning, and living on site is not that different from apprenticeships. There's a wider exposure to ideas, perhaps (because maybe you jump between internships instead of staying with one), but at its most basic level the proposed idea is training people to do jobs instead of trying to expand their th…
The only feature that university has that the internet doesn't is a curriculum required to get a degree. However a required curriculum without intellectual curiosity isn't worth much. A required curriculum with intellectual curiosity is worth something. But now with phenomena like Wikipedia and MMOC's and a generation that has grown up online, the internet is most certainly overtaking universities.
I'm 30 years old and were I to do it again, I wouldn't go to university. I'm know I'm not alone in this sentiment, but I also know this isn't yet a majority sentiment. I expect a significant portion of the generation currently at uni that grew up with the internet to feel this regret when they are 30.