Surely there must be a small college on the ropes out there that is willing to take a swing at "We're going to just hire good faculty, not make them crazy checking for stupid stuff, let lots of administrators go and their programs slide, and hope it works out. We're seriously embracing College: Back to Basics." Even if the industry as a whole can't do that, it has to work for a few.
Does anyone know anything solid here? It does not look like my alma mater, the College of William & Mary, is going down that road. But they probably don't have to. When I went they were "The Harvard of the South," and along with Duke and maybe Vanderbilt were active Ivy Wannabees. They seem to have somewhat succeeded, and in doing so are now much more of a mid-Atlantic than southern school. They can survive doing what they're doing already, even though they are now a fairly expensive college rather than eminently affordable one.
My two oldest went to Asbury in KY, which had that attitude when they went there. It may have changed by now, as that was long ago.