Is Disruptive Innovation becoming a four letter word?

A lot of buzz in the market place these days about disruptive innovation, innovation, creative solutions, etc. - choose your own term.  The definitions run from the concept as originally written about by Clayton Christensen in Innovators Dilemma to identifying people who have created disruptive innovations (Apple's Steve Jobs, Amazon's Jeff Bezos, Ebay's Pierre Omidyar and Meg Whitman. Then there's Facebook's Mark Zuckerman, Skype's Nikklas Zenstrom and Paypal's Peter Thiel) to anything that is new and hasn't been done before.

One area that is currently generating a lot of buzz is disruptive innovation for or in Education.  Ideas such as free university level courses available on the Internet are being talked about as disruptive, but it remains to be seen as no one can earn a degree, yet, from such courses.  Or is even the concept of a degree disappearing?  Many of our founding fathers had no degrees, they were home schooled and self educated.  Public schools initially were limited in what they taught.  Universities were founded to train clergy and pastors.

Today universities are steeped in tradition and limited to new ways of doing things. A recent blog by Dr. James Michael Nolan  suggests that universities maintain the status quo and are not open to new ideas.  He talks about how the "for profit" schools, like Phoenix, Kaplan, Capella, and others reached out to the leftovers that the universities did not want - and make money in the process.  While the universities continue to up the price of education, other alternatives are becoming viable through lower costs and better access to the dynamic world we live in.  Who has the time to sit in a classroom at a university that is located 2 hours away from where you live?

Although these may not be truly classed as disruptive at this time, they are changing the world of education and the academic universities may be left holding the proverbial empty bag.

What do you think?  Is disruption coming to the world of education?