...have been doing cyber security research and tuition for a good number of years now so I don't see why it's big news just because Oxford have jumped on to a very fast moving and overloaded bandwagon. Edinburgh Napier have had a security think tank for two years now, Abertay Dundee seem to have had the UK's first Ethical Hacking course alongside those at Derby and Coventry and InfoSec/EH degrees are popping up like weeds these days. Oxford is as usual very late to the party and allowing their reputation to precede them.
As an aside/for the record, my company's IT graduate scheme (large and prestigious financial services company based somewhere in London) have rejected Oxford grads in the past because their course is clearly far, far too theoretical and mathsy as well as them all being totally up themselves. Hopeless. I am not using this post as an excuse to slate Oxford but this is the cold, hard truth as our Cambridge applicants were by and large excellent, nicer people and infinitely more capable and clued up.
Honestly? The security field is saturated and Oxford shouldn't expect to grab hold of everything just because of who they are. Some of the real heavyweight experts cosied up to the 'lesser' universities quite some time ago, so this is once again prestige and swagger arriving late in a market which is slowly being milked to death.
But that's just Super Cynical Me talking. Make your own minds up. Anon for obvious reasons.