There's a good post by Fred Wilson: Hacking Education (continued). Here's a couple of snippets but I urge you to read it all.

The education system we currently have was built to train the industrial worker. As we move to an information driven society it is high time to question everything about the process by which we educate our society. That process and the systems that underlie it will look very different by the time our children's children are in school....

Learning is bottom up and education is top down. We'll have more learning and less education in the future