I think the main use I get out of mine is passing my email address easily, without having to spell everything out. Yes - I still find it useful, but it's probably not what it used to be (I'm sure it gets tossed/circular filed after everything is entered into the appropriate address book application)
I know some other schools have started similar programs - but I thought I'd point out that WPI started a new program specifically for game development/design/art/etc.: Interactive Media & Game Development. They've also recently redesigned their undergrad CS curriculum - although I think that was mainly to be more accessible to non-majors (e.g. ECE's, etc. - WPI being a primarily engineering school).
Considering many hospitals are funded through their municipalities (counties, etc.), I don't see how this ends up being a dramatic change. If someone gets treatment and isn't able to pay - the hospital eats the cost == the funding source (city/county/state/paying customers/etc.) eats the cost. So, how is this any different from the situation we have today?