If it just recently started, then I doubt it is accredited. That could pose problems depending on what your ministry goals are. I would also venture to guess that the faculty is not going to be out of this world either. They may get a couple big time profs, but not many. I say this because all of the elite guys are already teaching somewhere. There is not a group of guys sitting on the sideline just waiting for another seminary to start.
Personally I would rather go to a seminary that has been around for a while. They will be accredited, have a reputation, have a stronger faculty, and more than likely have a better library.
(just my inept thinking)
Accreditation or not, their program would be exceptional training for ministry. And I seriously doubt that you are correct about their faculty being ho-hum. There is a lot of interest in BCS' success, and there actually is a glut of scholars waiting for a new seminary to open, as a matter of fact.
Also, there might be some advantages over traditional seminaries, such as the proximity to the assembly, and the freshly thought out curriculum.