Hear, hear! I got my graduate degree in an online program that was a dozen years old with a starting cohort of 120 people, synchronous lectures, and campus visits once a semester. it was online but it was not a MOOC.

Yes, MOOCs solve an educational infrastructural problem at best: getting "education" to more people. The problem, however, is that education is a societal problem/solution that has almost nothing to do with providing the best learning experience for some particular individual. The idea that one educational sequence is effective for thousands or even millions of people to best learn a topic sounds absurd to me. That does not mean that MOOCs cannot be great resources to support the learning of a topic, but the same goes for resources like text books, wikipedia, educational software, and so on.