Newsweek also recently devoted its cover to shortening 4 year college programs to 3 years (http://www.newsweek.com/id/218183) and also asked a team of "experts" to discuss the idea (http://www.newsweek.com/id/218234).

Much like the blog post here, there was no discussion of the quality of education. No statistics about the quality, effectiveness, or usefulness were presented. The primary focus was cost and arguments about "development."

Unfortunately, discussions without supporting data seem to be the norm on this topic.