I'd think that there would be some interest around this from the universities, and business is really crying out for this too.
From the Uni viewpoint, it is another product they can leverage, whilst still using there in house competencies and also creating cross university synergies (HBS-MIT TeMBA)
For businesses, they get exactly the top management they need - even for non-tech companies - a CIO/CTO with solid tech skills and business skills is a sure winner.
P.S. Please forgive me for slipping in the word synergy. I truly believe it's a great word, with a great meaning, but has been flogged to death by the consulting industry.
{Edit} Actually, I like the idea of a TeMBA, I am going to start a AskHN: What would the syllabus be for a TeMBA?
{Edit 2} Here's the link: