Way harsh, dude!
You have some valid criticisms, but go too far. I found this article interesting. I would have liked more detail: majors offered, GPA and SAT averages for the first class, credentials of the faculty, description of the facilities, etc. Then a comparison of that to similarly priced institutions. And some counter opinions would have been informative (probably). And I would have liked more info on what, exactly, makes this school unique. (Don't other schools have foreign language and foreign exchange programs?)
But the point of the article seemed to be merely to let people know about this new idea for schooling, which was actually being implemented. It accomplished that. I could search for other news on it now, if I wanted to do so.