1. I struggle to believe that a well-rounded CS and engineering education can be squeezed into two years. Describing this as "the future of computer science education" (their words)—when it appears to be a trade school which teaches CS basics followed by Rails, Python and iOS development—is doing CS a massive dis-service.
There's nothing wrong with this kind of trade school, but it is emphatically not "The future of computer science education".
2. It's rather expensive. What'a a starting salary for a developer in SV - maybe $70k? AT 25% over two years, that's $35k – which is comparable to college debt. It's great that this prevents the broken US higher education funding system, I suppose, but it's not cheap.
Maybe I'm just cynical, but I've seen too many graduates of similar trade school programs who have a couple of years of experience on paper, but are woefully under qualified for the development and deployment of computer systems in the real world. Given the sort of attendees this program will see, I don't imagine it'll be the case here, however.