Regional accreditation of Jones International University (JIU)--the first entirely virtual university accredited by the United States regional accreditation agency--sparked heated discussions in academic circles. Concerns about changing roles of academia and faculty were countered with unbinding enthusiasm for the new teaching opportunities. This presentation uses notes from the 5 years of active online teaching at Jones International University as a base to examine what is changing in teaching, faculty roles, student responsibilities and collegiate culture since starting to deliver education through a network of computers. (Author/RS)