In the same vein as the MIT Open Content initiative, the recently released Sofia initiative (by Foothill College's Distance & Mediated Learning program in California) is now publishing open content courses. Under a Creative Commons License, other institutions may re-purpose the work published by the Sophia project for non-commercial use.
This type of "content sharing" is an interesting and noble idea in my opinion. The most important aspect to me is that it offers a glimpse into how other people design online courses (or onsite classroom courses). It gives people ideas on how to design, develop and deploy online courses that may differ significantly from the way in which online courses are presented at their institutions. With this field still rapidly evolving, the process of examination of other people's work is a very valuable tool in the online curriculum development process.