Israeli universities are known for having great programs, I would imagine this program at the Technion is going to be very good.

That said, a huge part of business school is networking, so unless you're planning on being in Israel for your career, which, given it's policies is actually quite difficult for most demographics, it may not be the most practical move.

Finally, I think one needs to carefully decide for themselves where they land on the boycott debate. In the U.S., the shift is beginning, especially in academia. And academic boycotts have been supported internally in Israel. The Technion's connection to Israel's military complex is strong in absolute terms, and to come from abroad to attend such an institution is a very deliberate decision that probably implies where one lands on an intense political debate. A recent Israeli documentary expands on the broader issue: http://www.gumfilms.com/projects/lab