Actually, Cincy, this program doesn't begin until July.
$400 a week, and you're not allowed to use those credentials to freelance for any other outlet. Sorry, but I already have two jobs including the newspaper gig, and I can't afford the paycut.
OTOH, for someone who just got out of J-school and is only now discovering how few writing jobs are available, this would beat the crap out of working at McDonald's. (Plus, it is a nice way to build up some decent clips -- IF the writer takes it seriously instead of going all fanboi, and if B/R allows that to happen.)