It was reported in the Sunday papers that A.C. Grayling is setting up a new university in the mould of the American liberal arts colleges - and charging £18,000 per year in fees. He's attracted some of the UK's best-known academics - Richard Dawkins, Niall Ferguson et al - the lineup reads like a fantasy university teaching league. Based in London's brain; Bloomsbury, the venture (a bone fide David Willetts fantasy) is bound to draw significant interest. Grayling has stated that he wants his new university to rival Oxbridge - though there are a number of reasons why he might struggle to provide genuine competition with the ancients.