The folks at GameCareerGuide.com have recently published a Feature written by a self-proclaimed "game development school dropout." Her name is Lisa Laughy, and though she doesn't state the name of the school she attended, her reasons for leaving it were unrelated to game development. However, she did notice several things that troubled her concerning game education and the way it reflects on the industry.
Definitely worth reading. For me, many schools come to mind when reading the points she makes.