Although it seemed like a good idea when I read the headline -- get a bunch of engineering students, cram them into one school, and see what happens -- actually reading the article was disappointing. Their "core" course listing[1] is heavily stacked towards "enterprise" languages and buzzwords. Where I would have expected a heavy emphasis on maths, there is XML, UML, and Java. The "Math" section itself is anemic, and contains the sort of classes that could be found at any community college.
Furthermore, the culture appears to value immaturity and irresponsibility. All-night Warcraft "raids"? Pervasive hygiene issues, to the point where students are proposing mandatory showering? This sounds less and less like a school, and more like a sugar-fueled gaming convention.