So how is The Villages different from a university of equivalent size? Ohio State (er, The Ohio State University) has about 57,000 students on one campus, making it one of the most populous universities in the nation. It's not quite the 110,000 headcount claimed for The Villages, but I'm assuming that number includes resident employees as well. If we include OSU's non-student employees, their total "resident" population is closer to 87,000, not counting commuter students.
This is my point: the population size isn't what intrigues me about The Villages. It's not the monolithic overlord problem, either. It's having that many affluent, elderly people in one place. It's a recipe for highly-concentrated success.