I'm doing my degree at Newcastle Uni, but am doing two subjects to complete a minor specialisation sequence through Open Universities Australia (
www.open.edu.au) which coordinates 7 unis from across Australia, you can do either a full degree through one of the uni's or do what I'm doing and tack on a couple credit points to a 'normal' degree.
Getting organised can be hard - right now I should be studying for a 35% exam tomorrow morning and I'm 2 or 3 weeks behind in the readings, but that aside, I like the freedom of studying when I want to, and doing it this way, I still have access to the newcastle uni law library, but they do organise to mail out books from a uni library (which I hear is pretty efficient).
The social side is a bit different, although the uni I'm doing mine through (Griffith, Qld) does have online discussion boards for the specific classes and OUA has online forums as well, for the specific classes and for distance ed students in general.
Last thing, OUA and the unis it represents runs most classes at least twice a year, and some are available more times than that - instead of 2 semesters they run 4 study periods, so you can stretch study out over an entire year if you're worried about doing uni and work at the same time.