The SNHU program was just created this year- so I doubt you will find anyone who has graduated yet. =) SNHU is indeed a brick and mortar school in Manchester NH with several satellite locations in NH. It is a well known school in New England and has been around for a while. I do think they just invested a major amount of money into advertising their online program around the country- I recently saw a commercial for it while in Dallas, on the local TV network.
The program was created in partnership with the NH technical schools
' (community colleges) nursing programs
(students graduating form nursing programs from the NH technical schools can automatically enroll right into the BSN program and receive discounted tuition.) I recently graduated from a NH technical school with my ADN and was encouraged to enroll. I know the professors in my program were working with SNHU to help create the program throughout the last year, and as far as I know they were working with nursing professors from other programs at technical schools in our state. I don't think the program is fully accredited yet, but from what my dean told me they will be accredited ASAP. (from their website: "Our online nursing programs were created based on Commission on Collegiate Nursing Education accreditation requirements. SNHU is a provisional member of the American Association of Colleges of Nursing and is seeking CCNE accreditation.") The accreditation might be the only thing that could hold you back- but honestly I don't think most employers will check or care, but you may run into an issue if you are considering pursing an MS or a PhD at a different university down the line.
Here is the bad news- my experience with admissions so far has been less from perfect. The "admissions" counselor I talked to was sweet and nice, but wasn't super helpful and seemed to be reading off a protocol (I had to repeat 3 times that I had graduated this year before she finally got it and was able to deal with my questions correctly). But, honestly I think now-a-days most high level education institutes have pretty crappy beauracracy and sad customer service. I have also never worked with an online only program, so maybe my experience was standard for online programs (I have a previous BS and have attended 2 other universities) Despite this, I am probably going to go ahead and enroll, since I will receive discounted tuition and most jobs where I am now are insisting I have a plan in place for achieving a BSN. I am currently waiting to see what they accept as transfers from my other schools.