While I think the kid is awesome, I don't think it follows that skipping college is the best choice. If he's as brilliant as he seems, he ought to be able to get scholarships to some pretty good schools...where he can learn to go well beyond this, probably faster than he could on his own; even if it's just for the resources a good technical university (like MIT, Caltech, Stanford, etc.) provides.
He could be working with supercomputing, nanotech, quantum computing, Internet-scale problems, etc. in a couple of years at one of those schools. It would take much longer to get there on the DIY path. I know of what I speak: I went the path of most resistance and I was in my late 20s by the time I really started working with people I considered on or above my level and getting paid fairly for it...i.e. building things that millions of people use. I'm probably not as smart as this kid, admittedly, but I'm enough above average to know what his career path will most likely look like if he opts to skip university.
I'm not suggesting he won't be a monstrous success in the future. I'm pretty confident he will be. But, why not take the short cut?
It's the folks who aren't brilliant, that I think should skip college, or choose a super cheap school. Brilliant people should at least spend a few years in the environment of a great school so they can get a feel for how wide and accommodating the world is for a brilliant individual with drive and ambition.