The university environment will change substantially. Universities are notoriously slow to change. The traditional way of instructing will have to change, as more students want to attend courses from their home or office. One could think well, they are not real colleges and universities, but upon reading the sample list at the end of the article, one might start to ponder the advantages of distant learning. The colleges and universities that ignore this new way of learning could see a drop in their future student enrollment.
Teaching faculties tend to have local reputations but a lower research profiles.
The new economics of education will change the balance of importance between research and teaching, just as television changed the balance of professional sports. Education and the Internet are on parallel paths. Transformation is under way in education. While these changes are inevitable, they are more likely to be evolutionary than revolutionary until they reach critical mass. Yet these costs are dwarfed by the costs of the year-to year maintenance of hardware and software and updating course material.