People said that about offshoring too, and that didn't work out too well for a few reasons: (1) the CS/ECE programs there are lower quality, (2) cultural and language problems make it easier to work with a native English speaker, (3) there is a limit to the number of people who are inherently intelligent/motivated enough to be a good developer. So FWD.us might well succeed in opening the gates, but I think they're in for some disappointment as to who ends up coming through them.