Full disclosure: I hold a bachelor's in CS from Stanford and have been an engineer for 14 years since then. I think my degree was, to be polite, poor preparation for any real-world work beyond teaching college CS courses, although I have also never seen any program I think is better.
I've been saying for a while that any "good" engineering education of the future won't look much like today's system. A college degree is a needlessly long, expensive process for qualified candidates to go through to demonstrate their ability (although I definitely think college has many other benefits), and wastes our time with piles of worthless freshman requirements. On top of that, "Computer Science" isn't what engineers do - it goes into far deeper theory than is needed for almost anyone, and at the same time leaves out a lot of real-world skills that are critical for building functioning software.
Ultimately, the only reason CS degrees have the industry importance they do is because it's one of the only things recruiters can understand. For that very reason, boot-camp programs like this, despite their utterly moronic assertion that a decent engineer can be cranked out in three months, are nonetheless a step toward a better solution.
I think the industry needs some sort of advanced trade schools - basically, a prestigious version of DeVry that teaches not just programming using the language of the moment, but *software engineering* as the separate discipline that it truly is (maybe this already exists somewhere, but I think it should be widespread). We need degrees that are good enough to indicate reliably high value in a candidate and provide enduring background knowledge, affordable enough for the average middle-class person to break into engineering, and still provide a black-and-white resume line item that's simple enough to pass the buzzword filters in recruiters' minds. I see no reason why a two-year associate's degree that's packed full of courses on real-world subjects, as well as tons of actual code construction, couldn't theoretically be *far better* than any current CS degree from a top university.
I was never able to take a single class on scalability, security, development methodology trends and how to evaluate them, management of large codebases, refactoring, etc. These are not flash-in-the-pan concepts that only reflect some current fad, but timeless and critical skills that are fully suitable for a university setting. However, universities are too mired in trying avoid looking like trade schools (and thereby justify their astronomical prices) to care much about providing real value to their customers, which makes them ripe to be punished by the free market.