I think the internet will revolutionize not only college level education, but all education. It's going to make the term "market place for ideas" a whole lot more literal. It would help A LOT if the government would get the hell out of the way though.
You mean this:
https://www.khanacademy.org/That's one example, but we can go so much further. The fun has only yet begun. The net as we know it is only in its infancy.
this entire civilisation is a bubble
The sun's energy output is a bubble.
I like to blow giant bubbles with wands.
https://www.youtube.com/watch?feature=player_detailpage&v=9y5T2Xdfytg#t=4s