I am currently in Code Fellows. I just started so I can't give you a graduate perspective. The advantage I would say Code Fellows has over other programs is that we work in the Techstars building alongside new startups.

I am already a developer but I am not quite there yet in terms of skill level. I'm good enough to churn out WordPress sites and do basic PHP work which is what I have been doing through out my career. But I want a more serious development role and that's the purpose of a lot of these schools they take someone that is probably 60% of the way and gives them the extra 30% to make them more employable.