My college roommate's parents did this (he's from the Philippines) 24 years ago. Once he was born they went back to the Philippines and his first experience in America was at age 18 when he came to the U.S. by himself for school.

It worked out pretty well for him. He has since graduated with a top notch degree and sponsored his family to come to the U.S. Kudos to them for having the foresight to do this in the mid 80's.