I think it's pretty cool! Would definitely matter to me from a "what school should I go to" standpoint.
Really? I would prefer to go to a school that spend money on useful stuff.
Honestly, I can't tell if you're being serious or sarcastic... Both cases sound reasonable to a degree.
Not being sarcastic, learning the extra stuff related to managing a TLD sounds interesting to me, and it sounds like this program has someone on it that likes doing cool stuff like that.