A couple of my students are going there next year, I know a girl who's there now, and one of my friends is there for the grad director's program. I honestly don't hear much besides good things from them in terms of hte program.
I also have a friend who graduated...prolly around teh same time as Shosh and that generation who just talks about how incredibly cut-throat it is. I've heard that they're the kinda people who'll put the razor blades in your tap shoes (regarding that old metaphor) and are cut-throat competitive. Also that they have those evaluations and you can't fail two or you're out of the program and you do them after each semester I believe (might be every year). Her qualm wasn't so much that they do that, but that some people would give you feedback - say "I passed/failed you and here's why" so you can fix it or know how you're progressing and if yu're going in the right direction, etc. - but that majority of them would not and so you're just kinda stuck.
It seems however that by looking at their alumni they have an INSANE amount of people who are working - and not just in random dinner theatres - in new projects, all over Broadway, and many leading roles, it's pretty insane. Those people when interviewed seem to praise the professionalism they gained from the program, as well as the...what's the word I want? The backbone (that's not the word I want though

) and strength to help them deal with the rejection and let it slide instead of destroying their drive to keep going for it, y'know?
I'd look into it. You'll know, as with any school, whether or not it's for you. And if it's not, there are PLENTY more programs equally prestigious that are very different - one of them will be a perfect fit for you, don't fear.
If I show you the darkness I hold inside, will you bring me to light?