A year ago, my colleague Charles Grisham and I wrote an EDUCAUSE Review article entitled "Why IT Has Not Paid Off As We Hoped (Yet)." In short, we argued that information technology has not yet transformed higher education because the areas of teaching and scholarship, the "heart" of colleges and universities, have remained relatively untouched by the new technologies. In this article, I'd like to continue the discussion and also go further, exploring not only why these two areas continue to be, for the most part, resistant to the changes but also how technology can successfully address these core missions of higher education. (Contains 5 notes.)