I used LabView in college and it was okay. I interact with another graphical programming environment in my current contract and I hate it. I probably wouldn't hate it if I didn't know how to read and write code.

I don't see these things as good training wheels either. They obfuscate the details that are required to be a good programmer. It would probably be more daunting to a newcomer to lift up the hood and see miles of code that they can't easily relate to the graphical version.

Im skeptical, but if it does create more interest in the platform, that is a good thing.