Now that we have entered the machine thinking age, where tools like IBM's Watson can answer open ended straight forward questions, grades measuring memorization and straight forward question-answering miss the mark.

I predict the ability to answer a multiple choice/fill in the blank test will be dominated by the machine once IBM's Watson gets deployed to all the arts and sciences.

There needs to be a bigger emphasis on what you can build given the sum of human knowledge instead of "how much you can remember".

I'm thinking of a grading system where you measure the number of processes and tasks you can do which are useful to humanity that $10,000 worth computer can't do. High = A, Low = F. "the arts" doesn't count. I'm talking creative thinking, innovation, things like that.