So the Governator is to push Californian children online instead of traditional text books.
Welcome to the world where educational knowledge is dependent on who is editing wikipedia ; ) Actually you could make all politicians and military go on twitter and build an e-database that would rule out the need for pesky academics.
I don't think computers are the be-all-and-end-all that many think. The tech creep that says everything e-based is wonderful, is wrong. It is a tool, and like any tool is open for abuse. Just as Panorama managed to fool people into thinking spagetti grows on trees (TV was still fairly new, authorative, trustworthy) so people think wiki is first-base research resource, it is not.
Also if you have a library with internet, just look at what the kids are looking at - it aint academia.
Now, I love books, grew up with books but there is a tech way that does have the potential to reduce costs - don't doubt that this is primarily about cost...
Kindle or other e-readers could be the solution. Latest versions of textbooks can be uploaded with significant memory to have an entire academic library for a course.
As a result, costs come down and pupils get academic knowledge which is (hopefully) more fact-based than something on a website, or blog like this!