They do have a long wait-list, but I'd recommend applying. I've heard horror stories about some other nursing schools in the area from people that went there, but myself and everyone I knew that went to Abington felt we had a great experience. You get a lot of clinical experience, and hospitals really like to see the school on resumes. And, if you choose to work at AMH after graduation, your tuition is paid off. As far as prerequisites go, they give you a year before you start to get them done at a community college or Manor College or wherever they have them. They're classes like Anatomy & Physiology I and II, Chemistry, Microbiology, English Comp, Intro to Psychology, Intro to Sociology, Nutrition, and Life-Span Psych. Pretty much every nursing school requires those courses anyway so it's no big deal. So for example, you'd be accepted for the class of whatever is 3 years from then, then you'd have a year to do pre-reqs (some you can even leave to take DURING nursing school), and then two years of actual nursing school. And it's awesome.
I graduated from high school in 2004, went to Bucks CCC for 2004-2005, and Abington from 2005-2007.