Any NE MSN preceptorship sugggestions?

I will be starting my preceptorship/practicum in Fall 2010. I am a NE emphasis. I know that as an NE I can work in the hospital setting or the academic setting. I already teach skills lab and have been a clinical instructor. I am wondering should I try to get a preceptorship in hospital setting to have a different experience or if I should try to just do a academic setting for a different institution. I have 288 hours over 2 semesters to complete. What have others of you done and what was your experience? I would love to hear what people have done in both settings. Were you able to do this on top of you current work schedule or did you have to take time off?