In reply to Offwidth:
MOOCs, Youtube and the like really make you wonder what you are for though, don't they?
The students have access to a multitude of top quality stuff from around the world, and many will use it, so anything you the lecturer provides has also to mix in that company in their minds, and not just because it will be the basis of their assessment.
I use the MOOCs too, mostly to inspire and up the game of the more head-in-sand lecturers in my team, but think that getting students still to come to us, in our dingy sixty year old building, to find value in that and stay with us to the end is largely about being inspiring. So, while it is part of my job description to know stuff and to have done stuff, I suppose that the only way to compete with a world of Moocs from MIT and its ilk is to make the students find that it is exciting to be in the same room as someone who wants to learn and appears to want nothing more than that they do too, so that we can all help to make the world a better place.