I donate to them and think this effort is outstanding for a number of reasons.

Having said that, I keep holding my breath for them to offer a mechanism for attaining course credits through something like OCW. In my humble opinion, if Jane Hacker can demonstrate competency over the material, then she should receive transferrable credits for that accomplishment.

In that way, OCW will not only bring education to developing nations, but it would seriously increase the level of education available to Small Town, USA, too. There are plenty of folks in small towns who go to a community college because they want to get their core classes out of the way before paying the Big Bucks for their state college or university.

Am I totally off base here or what?

I was just thinking the same thing, so i think that you are not off base at all. The real challenge/opportunity comes in when someone with the knowledge has to grade the assignments.