We don't really need new universities in order to deliver online education. The reason these have appeared is because they've spotted a gap in the market. The solution is for existing universities with recognised brands to offer their courses online.
Problem is they have no motivation to change. Universities must like the relative simplicity of taking a big chunk of money for sitting a bunch of glazed over students in front of a blackboard for a few hours a week.
Once they go online not only will they have to justify their fees but students may get this crazy idea that the university should be there to help them fulfill their own learning goals.
I suppose that some of the more mercenary universities (or those that can't attract a lot of physically present students) may do the math and realise that they can make more money in total by going for the "pile 'em high and sell 'em cheap (on the internet" approach.
