Does E-Learning work for all the companies?

I've been reading recently Jay Cross's blog. He has been blogging about Inside Learning Technologies for a while. Today, I found out some excellent points of him from his oldest posts about corporate training. He says that "Corporations are flocking to eLearning for all the wrong reasons. It’s cheaper: no travel, no facilities cost, no instructor salaries." I definitely agree with him because in order to get better outcomes businesses should address the needs and identify requirements better of the organization and employees. I think time is already up to open up training departments in big corporations to mentor and support workers needs during their eLearning. Jay's post eLearning is here if you would like to read it.