Sounds very good to me. A lot of people don't need the overhead that comes with a four-year degree.
The country has entered a “prove it” economy in which codified skills are currency. It’s driving a revolution in how education is constructed, delivered, used—and credentialed. Even as degrees, from associates to doctorates, proliferate, they are joined—maybe trumped—by thousands of resume-worthy credentials from shorter, non-degree programs.
Related: Maddog labels this a "Reality Check for Hackademia". Good line.
Also related: "How to Get a Top 10 University Degree in Three Years for Less Than $10,000 in Tuition". Maddog has the details.