Looking at the comments on: http://www.stuff.co.nz/business/industries/69920984/wellingtonbased-open-polytechnic-to-sell-its-online-education-platform-iqualify there is always a negative one about all LMS's being bad.  LMS's are a relatively new thing, so are constantly evolving whilst the problem of 'online educational tools' is thought through and developed.  You can't get from a Ford Model T to a modern car overnight, any technology has to evolve.  The winner will be the one that evolves the fastest (and has the capability and flexibility thereof) in the right direction.