Personally I think that programs like this are great. I know they may not have great ROI but that's not always the most important factor. Distance learning first for the Gaelic - Gaelic - Scotsman.com University of the Highlands and Islands BTW, this school apparently has other online degrees on offer. I didn't look them up but it seems that because of the geography it's a natural step for them to take.
Interesting program...I pulled up their site and found programs in things like Viking Studies, Orkney and Shetland Studies, and History of the Highlands and Islands in addition to the traditional programs like MBAs.