Distance Education is technically sound -- both synchronously and asynchronously -- today with very robust clear implementations available over next 2 years
Separate teaching mentoring and dormitory role of University
Teaching and grading naturally performed by centers of excellence which need at least an order of magnitude more customers than a single faculty in order to be able to justify investment in course preparation and maintenance
Continuing Education of growing importance and natural area to attack first -- corporate training is serious competition here and commercial deliverers have advantage?
Not obvious that will save large amounts of money as students will need more not less mentoring in today's information-overrich world -- quality of educational experience will become more uniform and better