St. Kate's New Master of Arts in Nursing: Entry level

So St. Kate's have finally opened up their new Master program in replacement of their Post-Bac program. They're accepting applicants Jan. 1 to May 1, 2013 for a start in Spring 2014. More info: http://www.stkate.edu/academic/manel/index.php

Any thoughts? I already applied to the UMN's MN program but it's so competitive. I'm thinking of applying to St. Kate's, but I'm wondering if the high tuition is worth it and the first class of a new program is always iffy and shaky.