As an employer I wouldn't want to pay people to go to school I pay them for results. Show me.
I do like the fact that elite schools are offering online certificates, but for $10K there has got to be a great value proposition.
I find the hard GPA requirement a little odd. So an MIT engineering alum with a 3.4 GPA wouldn't be accepted, but a liberal arts grad from a third tier school who happened to pass one probability and one linear algebra course, would be accepted?