Looks like a great idea!
Only question I have is how they plan to attract the best simply by offering the highest quality classes. Does highest quality mean most difficult, or will they have some sort of standard for admission? For instance, admission at Hack Reactor is pretty selective (under 3%). I'd be interested to see what their specific plan is to prevent developers who may not be the best or who may turn out to have limited commitment from claiming some of what I assume are limited spots in the class.