The thing about programmers though, is bad coders are actually job creators. Bad code bases require more and more resources to maintain (as entropy increases), until ultimately they hit that breaking point where you need to hire a bunch of contractors to rebuild it.

Good code bases are built in a way that you can pay down technical debt while enhancing the product.

I view programming as more of an art then a science, people can learn knowledge quickly, the internet is great at that... but talent/skill requires years of experience. Art requires practice.

The more schools like this are successful, the more job opportunities i'll have :D

(EDIT: I should clarify, I'm not implying that these places will churn out bad coders, just inexperienced ones)