I am ordinarily quite strongly biased against instructor-led education. I don't think it's a model that works particularly well. I feel fairly comfortable saying that, as I have taught at both private and public colleges.
That being said, I have heard good things from people that know Full Sail and from what I have seen they are quite serious about their new Internet Marketing degree.
Is it the best way for you to spend $50k? That probably depends upon your own personal learning style.