[dcalhoun]

I will have to disagree with you here. The program charges the same rate as the Code Academy school and what's more, you don't have to pay up front (unlike CA), but can choose to pay in installments over two or five years. Furthermore, if you let them find you a job upon graduation, they will use their recruitment fee to refund you the cost of your tuition. This suggests to me that they are certainly not just out to make a quick buck.

It remains to be seen whether the program will create employable graduates, and a level of skepticism is healthy in any situation, but I think your characterization of the program may be a bit pessimistic.