I went to Georgia Tech, and it certainly does NOT have the "ivy league" mentality. In fact the place prides itself on the practicality of its curriculum. The university actively engages industrial leaders to shape and form its curriculum to keep it current with demand.
I don't know what the deal is with the online Master's, though. I completed my attendance there when the Internet was just starting to take off, so I don't know if the same resources are available (like the Alumni mentoring program, etc...).