Doesn't tenure just mean that you have to screw up particularly badly to get fired? And that even after you officially quit teaching/researching you're generally still allowed to come and play in the lab and perhaps have an office? Or is there more to it than that?
I was asked to write a letter of recommendation for a professor I had to turn him from an assistant professor into a full-fledged (and perhaps tenure track?) professor. He's a good teacher so I was happy to do it, but I found it a little odd that the professor in charge of this whole process said, "If you don't feel you can write a letter that presents [this guy] in a positive light, it's OK -- let me know and we'll find someone else." Hmmm....!
These days "distance learning" is becoming quite popular. You could probably host your own classes on more advanced/specialized topics (where they might not be enough people interested to get an actual physical class together in a smaller town), set it up so that everyone gets audio & video and remote students can send back audio (for questions/discussion), charge tuition to cover the conference server feels, your costs and compensation, etc. and be quite successful.
Doug Smith
---Joel