I recieved my MDIV at NOBTS in 2000. I know the school is going through a lot of transition right now due to Katrina, but here's what I liked about it. It leans very much toward the practical and I understand that they have continued to move in that direction. At the time I was there, a lot of degree programs were getting a make-over to be more practical. The idea was that many churches hold certain expectations of seminary graduates that extend far beyond knowledge of the Bible and theology. So, the degree programs were reworked in order to reflect certain competencies.
That's not to say that the academics are lacking. I think a student can chart just as much a scholarly education there as with any other seminary. The bottom line is that they are preparing a wide variety of students for a wide variety of ministries.
The campus is really a great community. Again, Katrina will have changed things, but I found the close-knot community of the school to be as beneficial in my training to the classes. Also, the professors are very invested in the lives of the students. They become more than instructors, they are pastors, mentors, and friends.
I have my problems with them too, mainly coming from some decisions made by the president that seemed more influenced by business than what is right when I was there. However, I realize that its a fine line to walk, a line I would not want to be charged with walking, and thus, should offer more grace than criticism.
Anyway, that's my $.02 on NOBTS