Early this week Apple announced its new iOS application iBooks 2 at The Guggenheim Museum in New York City.

We all know Steve Jobs was a college dropout but what may have been lessor known till after his death was that he was a college drop in. That’s right Steve Jobs went back to class and dropped in on the classes he was interested in, not the classes required to graduate.

While iBooks 2 will make textbooks almost as cheap as music and almost as fun to read I think the real news here is how Apple University will allow you to drop into to many classes like Steve Jobs did, without ever having to spend one minute in class.

What iBooks 2 will allow you to do is get all you need to learn in one place. The iPad. Teachers and Professors will have an application where they can share assignments, book lists and even video all in one place. They will even be able to create their own textbooks using iBooks Author.

iBooks Author is like the iMovie or Garageband of book publishing. While Amazon has the Kindle DX, and while it is meant for textbooks it looks like a tool from the Stone Age compared to what iBooks can do on a iPad.

If publishers don’t keep up with the technology they will go the way of the Newspaper, very few will be left and the ones that are will need to report fiction to attract readers.

This technology is almost as game changing as the internet. I also predict that you will see books on iTunes from individuals and start-ups outpace the apps you find in the App Store. How long will it be before you can hear Captain Underpants fart or a Manual on how to use your new Forklift with live action video.

And the best part if you own Apple stock. People will need an iPad or Mac to make use of this magic.

Apple does truly reside at the corner of Education and Technology. or The Corner of Wall Street and Main Street.