I don't, but I would like to eliminate the enrollment. I personally feel that universities should offer more ad-hoc participation and function like giant libraries rather than toytowns for those who can afford to make a 4 year commitment.
Agreed! Most of my real ah-ha insights came after struggling for many hours of doing physics problem sets with a small group of classmates. I think that this is one of the most difficult-to-recreate parts of college.
That's a very good point. I went to a state university - for the first 2 years I was a commuter and the last 2 years I stayed at a dorm. It was 2 different worlds. For the first 2 years, I felt it was more a continuation of high school (i.e. when you get your driver's license and you don't need to get on the yellow bus). The last 2 years were a partial step into the "real world" - deal with an annoying roommate who has the TV on all the time and negotiate, chat with professors after class without hurrying home, socialize beyond interaction in class.
One thing that a campus does, that would not exist with an online education, is create a community. Good universities get smart people together, which is invaluable in creating wealth.
For a better explanation of what I mean, see the "Universities" section of http://www.paulgraham.com/siliconvalley.html
[edited for grammar]