The End of Credit Hours in Academia?

Fascinating article today about the push to end the credit hour system in academia.
From the article:
“Having time- and space-bound measures that equate learning with a certain place and a certain time is clearly outmoded. And yet it is the DNA embedded in both the academic and funding system,” said Jane Wellman, coeditor with Thomas Ehrlich of “How the Student Credit Hour Shapes Higher Education,” a recently released collection of essays on the credit hour.
The many different types of educational opportunities available today, including online education, are making the time-based approach less and less relevant.