Does it mean MOOCs are dead? Not really. It just means they aren't the massive world revolution none of us thought they were anyway. And it also suggests that universities, far from being swept away by MOOCs, are in fact the home of MOOCs. You see, MOOCs make sense as an adjunct to university business, they don't really make sense as a stand alone offering. One wonders if the likes of Shirky will be writing about how wonderful the university model of open education is. So in the end, far from being a portent of doom of the university model, MOOCs are a validation of universities and their robustness.
Blog post by Martin Weller, The Ed Techie, November 15, 2013, on Thrun's enlightening on MOOC learners failing to complete the courses.