I'm late to this, but it's still funny nonetheless. Applachian State U. apparently did this video for a campus(alumni?) event and has since received some unexpected publicity from the effort.
Of course, if the original wasn't enough, here's a couple variations on the theme.
Good article on the admissions and institutional websites. Provides some background on Enrollment Power Index.
http://www.eschoolnews.com/news/showStory.cfm?ArticleID=7439
Here's the folks that provide the reports for about a $1k per institution:
This topic has been around for awhile. Here's some decent links:
Sun PASIG - http://sun-pasig.org/
DSpace - http://www.dspace.org/
Fedora - http://www.fedora-commons.org/
ePrints - http://www.eprints.org/
This will have an affect on data collection and methodologies of reporting at Universities:
http://www.nasulgc.org/NetCommunity/Page.aspx?pid=788&srcid=183
Maybe I'll hold on to my Treo just a bit longer and see how this play out in the market.
 http://bits.blogs.nytimes.com/2007/11/12/a-first-look-at-the-google-phone/index.html?ref=technology
This is going to up the game for the quality of instructional videos (actually all video material, but I like to focus on the educational aspects.)
http://www.nytimes.com/2007/11/12/technology/12intel.html?ref=business
Add HDTV video conferencing as well:
http://www.lifesize.com/pr.php?prid=92
Here's good video on the efforts to collect and analyze "microgenetic" data on student learning, i.e. datatmining on digitial learning footprints. As Dr. Dede stated in the end of his presentation, this is definitely a two edge sword.
As we work to extend the functionality of our portal with external resources and applications, the answer to this question is important. In all reality there's probably room for both MS and Google; and we will choose functionality that is applicable to our needs and can be supported (integrated), but it makes sense to align current efforts and identify priorities as best we can in order to insure agility when opportunity presents itself.  Here's a good article from eweek on direction of OpenSocial.