From the website (http://lostuniversity.org/):
A world of knowledge awaits you here at LOST University! As a student at LOST University, you will have the opportunity to dig deeper into the themes and mysteries of LOST, while at the same time exploring fascinating topics and subjects that relate to the world you live in.
Enrollment for the first semester of LOST University will be open to all students beginning September 22nd, 2009. At that time, you will take a placement exam and be given a Student ID, as well as be able to watch your LOST University introductory class, LOST 101. Semester 1 begins on December 8, 2009, at which point you will be able to choose and enroll in all of your classes, as you build credits toward Semester 2 and graduation. In the meantime, feel free to browse the online course catalog and get a head start with some of your recommended reading.
I'd love it if we could work on this together, sharing information we learn as we go through it. It's possible that Anton and I will make the ARG the focus of one or more episodes.
