Online Learning Spaces

I have just read this post from David Warlick (as it's the weekend I am catching up on some of my blog reading). It's about the UK's Building School's for the Future Project.

This project " is the biggest single government investment in improving school buildings for over 50 years. The aim is to rebuild or renew every secondary school in England over a 10-15 year period."

Curiously enough amidst this huge project is quite a substantial goal hidden as commentary note 63 (viewable in the download here):
[Note the report is dated July 06]

This strategy describes the use of digital and interactive technologies to achieve a more personalised approach within all areas of education and children's services. It is an ambitious strategy covering all sectors for the next five years and beyond. An example of a specific aspiration is the target for all learners in every school to have access to a personalised on-line learning space that can support an e-portfolio by 2008

So my question is what do you think of this? Is this a worthwhile goal and realistic goal, and how long do you think this would take to implement?

Please participate in the below polls to let your views be known!
I'd also be interested in your thoughts via comments regarding this!