This is an interesting post from a prof at Georgia Tech, talking about the challenges of their 19 person team in creating a Composition Course for Coursera. It does give a sense of the commitment and resources needed to create this model of MOOC and the issues regarding accredidation.
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Here is another link about a student experiencing a MOOC. Much in common with what our self-paced undergraduates tell us.
http://www.heqco.ca/en-CA/blog/archive/2013/4/18/lauren-hudak-the-dog-ate-my-homework.aspx