This Ask SlashDot entry is an interesting and important discussion, not so much about the benefits of providing traditional lectures in alternate formats, but more about the importance (or lack of) in attending lectures.
The majority of the viewpoints (assumably from current or recent students) suggest that the most important thing at university is that the students pass the assessments, not that they turn up to lectures. The act of learning is the reason for taking the course, not the method of learning. Reasons for not using lectures as the primary source of information range from early start times, to lectures not being the best way for all students to learn, to poor interaction (large class sizes, no chance to ask questions) and poor quality lecturing. Reasons for going to lectures include interactivity with the lecturer, students being more focused during a physical lecture than when listening to a podcast or viewing a video, the social aspects of learning with classmates, the ability of an instructor to guage the level of knowledge within a class, and student input to a teaching session.
There are many other examples and arguments of the pros and cons of attending lectures, but like many long, rambling arguments there is a lot of personal preference being discussed here, and we all learn differently. Most would agree that providing learning materials in multiple formats, time-delayed or live, helps different students in the class and should help the class as a whole learn better. It’s worth skimming through the threads.