Apart from all sorts of misgivings about Georgia Tech’s MOOCish Master’s program in Computer Science, I want to take a moment to do the math. You charge $7000 a year tuition with the idea you’ll have a 2-year cohort of 10,000 students. If you add that up, you get $140 million. That’s massive, especially when you’re only hiring eight new faculty to educate those 10,000 students. Follow the money, this is no joke, the profits are huge even after you split 40% of the kitty with Udacity.
Update: As Robert MCGuire notes in the comments, my math is off (how about that for doing the math), the number is probably closer 50-60 million given they are charing $7,000 for the whole degree over three years. My bad.