Honestly, it looks like junk. It doesn't teach you anything about game design despite the name. It looks like it mainly focuses on Art with 'some' programming. The course doesn't look focused enough to effective teach you to the level needed for the industry in any area.
Edit: Scratch that. The Art modules do look reasonably substantial to get in the industry as an Artist as long as you also apply yourself in your spare time.
Read the Sloperama FAQs and GameCareerGuide articles:
http://www.sloperama.com/advice.html
http://www.gamecareerguide.com/featu...tfolio_is_.php
Game design is one of the hardest areas to break into from a graduate standpoint. It is possible but very rare. It may be better to break into the industry via a different area that you enjoy (Art, Programming, Audio?) and move sideways to design when you gain some experience.