The first thing we should all do is encourage discussion about edX. This is big, important,and exciting news. Faculty get excited about ideas, and the edX announcement contained some great ones. Connecting massively online open education to research into effective pedagogy and use of digital technology for all learners (including face-to-face and blended) is very exciting.
The press release notes that:
"MIT and Harvard will use the jointly operated edX platform to research how students learn and how technologies can facilitate effective teaching both on-campus and online. The edX platform will enable the study of which teaching methods and tools are most successful. The findings of this research will be used to inform how faculty use technology in their teaching, which will enhance the experience for students on campus and for the millions expected to take advantage of these new online offerings."
http://www.insidehighered.com/blogs/technology-and-learning/how-should-your-university-respond-edx