Harvard and MIT putting $60 mil into free online courses

http://chronicle.com/blogs/wiredcampus/harvard-and-mit-put-60-million-into-new-platform-for-free-online-courses/36284?sid=at&utm_source=at&utm_medium=en

The new venture is called "edX":

http://www.edxonline.org/

About edX

EdX is a joint partnership between The Massachusetts Institute of Technology (MIT) and Harvard University to offer online learning to millions of people around the world. EdX will offer Harvard and MIT classes online for free. Through this partnership, the institutions aim to extend their collective reach to build a global community of online learners and to improve education for everyone.
MIT’s Director of the Computer Science and Artificial Intelligence Laboratory Anant Agarwal serves as the first president of edX, and Harvard’s Faculty of Arts and Sciences Dean Michael D. Smith leads faculty in developing courses. Along with offering online courses, the institutions will use edX to research how students learn and how technology can facilitate teaching—both on-campus and online.