I get the dedication part but some people may have commitments that they can't avoid at all - childcare, for example. Having commitments shouldn't be confused with lacking dedication, IMO. For me, the biggest USP about a remote school, or any MOOC really, is the flexibility that it offers. Structured, yes, but 3-5 hours a day would be more manageable than 9-5 five days a week. That will probably add extra months to the course though - but that's OK, a Masters takes 1-2 years for comparison.
Of course Lambda instructors are world-class, but technically you can train yourself; there are very good guides signposting to free resources, and online communities for support. It might not be to the level of depth that the Lambda course offers, but is indepth knowledge really a key employability trait? (I'm not questioning the value of knowledge.) After all, many recruiters now emphasise on having a good portfolio over a certificate.
But hey this is more like a feedback than a criticism. I sincerely think that this concept is super and hope that the Academy succeeds :)