The enthusiasm for digital learning is contagious. More than 2 million K-12 students are enrolled in online courses today, and research firm Ambient Insight projects that figure will hit 10 million by 2014. Will today's wave of technology inexorably change the face of schooling, or must school administrators first alter policy? This article presents a conversation with Chester Finn, Jr., president of the Fordham Institute and editor of Education Reform for the Digital Era, and Michael Horn, executive director of education at the Innosight Institute. Both Finn and Horn agree that for digital learning to realize its transformational promise, policy changes are imperative. Finn argues that these changes require a full rethinking of the education reform agenda, whereas Horn asserts that a piecemeal approach may be the wiser, more strategic course.