I think this would be particularly useful if courses could be transferred to a university transcript. It is surprising to me that there is no university anywhere offering all undergraduate CS courses online--most have an in-person requirement. A few do offer some undergraduate courses online, NC State for example (Automata, Decidability, Grammars).
Yes, looks like they are going to start with their pilot course. I am specially excited about this as this is a step towards separation of learning and credentialing.