I personally never thought I could experience Harvard before I found out that CS50 (and tons of other CS courses) could be taken for-credit and even lead to a degree.
Harvard also has online-only, non-credit programs like Harvard Business Online (formerly HBX) and HMX (Medical courses).
Harvard can, and does, strengthen its brand by opening itself to the public. There's a huge spectrum between being a totally-closed institution and being completely open enrollment.
"Oh man that looks like dilhead3112 from my M&A, I thought e worked here and that is definitely their green poomoji face, we should go talk to him! Probbably saved this company!"
But seriously if their brand is networking, having a tight well filtered network I think would be a lot better for them. And if no one meets in person isn't that also bad for their brand? Everyone essentially becomes 2nd contacts (via harvard) on linked in.