My Economics professor famously used to release a new version of his textbook every year at my school. I suppose recognizing the forces at hand, he was making the most rational decision in doing so.
A small group of us got together that first evening and found enough typos, spelling and punctuation errors that we all passed the class with a high "A" without needing to do anything else.
He wasn't happy about it, and I think he later dropped the "unlimited" part. He was less upset when most of us went to class anyway -- The way I saw it, I paid for the class, even if I didn't have to worry about doing the work for a grade, I still wanted to learn something.