I disagree. When its well done its fine, in fact probably better than my degree, which consisted largely of letting me loose in the library for three years and then making me sit some exams. Well, all right, I was in the pub for two years.

What you do need to look for is a course that has been specifically designed for delivery over the internet. There is a lot more to it than bunging some lecture notes on line, and to do it well is expensive.