Many colleges/universities are starting to have pilot programs that have similar themes like WGU (competency based, self paced, online, etc). The biggest thing that some have mentioned about online that is constantly being disproved that online degrees are low value.
Some are yes, I won't deny there are some that are only worth the paper they are printed on.
That being said, WGU (and similar programs) not only offer accredited degrees but also help give experience. In the case of IT degrees, certificates are part of the program that help many get a step up and good for entry level. Long term value of certificates can be argued but in my opinion, they are worth it for those new to the field or wanting an extra step up. WGU I've also had my current employer (who is doing tuition reimbursement) have no issue with WGU as being worth more or less than any other accredited university.