As best I can determine my university has entered into an agreement with a private company to produce and market online programs and perhaps individual courses. As described to me by a colleague, a professor will tape a semester's worth of lectures, using PowerPoint to create main points. Once these lectures are recorded the company takes over. A company person with a higher degree in the field, will serve as go-between for students and the professor. The professor will never be in direct contact with the students. The success of the venture lies in marketing by the company; create very high enrollments in order to produce impressive income for the institution and the company.
I wonder how many universities have signed on the dotted line with such companies. I also wonder how many such companies are out there.