Lapsed, the idea of 'market forces' applying in 2012 was clearly BS because there IS no market. Universities were desperate not to be seen as 'substandard' and selling 'cheap' degrees. The situation may change in future years but that is no consolation to the current intake, whom I worry a lot for.
As a lecturer I also worry for myself as they think they are buying me as a sort of 24 hour education-bot already. They all expect spoonfeeding and to be told what is coming up on exam papers, because they've paid so much for it! And any low marks are a source of outrage against the marker rather than self-questioning. The fact is it's the same old courses and same old knackered staff as last year, only the government isn't paying for any of it, so they have to, poor sods. Sigh.