The one here in DC is already doing an excellent job of matching people up with start-ups and non-profits. We've also got NGO's like the World Bank showing up.
My view is this: if a class has good teachers, a difficult, portfolio driven curriculum, and a decently high-bar of entry (my DBA coworker struggled to be admitted to the course because he was rusty in his programming skills. He ended up having to put in a lot of time just to be able to pass their test to gain admission into the course), then it will probably be a good course to take.
So without speaking the quality of the classes themselves - GA specifically, or the concept of online v. in-person - this is a perspective worth considering before slamming the in-person education model altogether. Execution of the actually classes is obviously a separate discussion, but as I said one I'm not prepared to address.