That said, I love UReddit. Its a great idea. The reddit community is immense and there are a lot of opportunities for some really neat lessons that Coursera wouldn't necessarily offer.
A KickStarter-like system would also help in eliminating lurkers, and focus the efforts of both teachers and students on the actual course and assignments, and everyone would benefit if these courses are released for free after they're funded, but at least it guarantees an interested student base for the course to become a success.
That lines right up with the 1% rule- only 1% of users are serious enough to be contributors, 99% are just lurkers.
Basically what I'm saying is, an initial interest of 10,000+ probably would have made for a more successful venture.
The Finance professor is just right, I can watch the videos on 1.75x speed, and I'm finally getting the hang of the confusing, unintuitive and restrictive Coursera UI.
A 6 week class was effectively only a 3-4 week class. The first two weeks had embedded quizzes, and homework. By the end, it was watch this short video and no homework.
The UReddit teachers are volunteers from the reddit community, not vetted in any way. You're going to get a wide-range of quality of instruction. Some people might not even know the topic they volunteer to teach, and plan to teach themselves as they teach others.
And it's a time-intense process creating interesting course content, and most people underestimate that up front. "Hey I'd love to teach a class on PHP" and then they realize it takes 20 hours a week to prepare each lesson... Uh oh.