The Chronicle of Higher Education has a more detailed piece on MOOCs (The Professors Who Make the MOOCs). This is nicely complemented by this piece from Nature (Online learning: Campus 2.0).
UIC faculty have posted a statement on MOOCs (UIC UF Position on Massive Online Open Courses (MOOCs)) that makes for some interesting reading…
What You Need to Know About MOOC’s
The Chronicle of Higher Education has a balanced and short piece about MOOCs (What You Need to Know About MOOC’s). Well worth reading if you are unsure what all the fuss is about (thanks to Curt Bonk and GiamMario Besana for the link).
I would disagree with the line “with minimal involvement by professors” – I would not say that involvement is minimal, just that one-to-one interaction will be rare given the sheer number of students.
If reading the the CoHE piece, I would recommend going here after:
https://sites.google.com/site/edumooc/