The MOOCs are coming...and it doesn't bode well for law schools. Bar review courses have long been done via what were essentially "MOOCs," it would not be surprising were many law schools to start to incorporate them into core classes. Of course, the so-called "Socratic" method of instruction is not feasible with a MOOC.
Which is precisely why I don't worrry about the prospect of MOOCs. as a lecturer rather than a Socratic user, I could scale what I do up to teach thousands.