I can't remember if it was Stanford or Berkeley, but one of them was going to open up the ability to earn a full degree online. I'm not sure when, but I heard that transition has a lot of students at the university in an uproar.

One step at a time and the elite education will be everywhere, though it'll still cost an arm-and-a-leg.

I am huge on web-based education. I can't imagine what my skill-set would look like if I had access to today's web when I was growing up. I would love to build a website that brings educators together, from anywhere, to instruct groups of 10-15 people on specific topics-of-choice -- for free.

Edit: Looked it up, apparently it was UC in general -- http://bit.ly/aCmsNF

"The idea is that UC could become the first top-tier American university to offer a bachelor's degree over the Internet."