Greek would be easier to teach than Hebrew, if for no other reason but vocabulary. My main concern with this would be for the laypersons involved in the program. Sure, Greek would help anyone who studied it, but IMO, requiring it would discourage non-vocational ministers (and some vocational ministers) from attending. As far as exegesis goes, UZ, you're right. The only problem is fitting it into a 2 year program. Perhaps have a 4 hour Intro course in one semester to get the foundations and a 2 hour exegesis course in the next?
Biblical Theology could be addressed in the Biblical Studies classes, IMO. The profs in my undergraduate program have done that quite well. You can also bring it up in Systematic Theology classes as way of viewing the propositions from a different angle. I've seen it done in my classes.
As far as textual criticism, etc.. . . this can be accomplished in survey courses if they have enough hours. If they are three hours, you can do it in them. If they are only two, then you would need another course. The grand total would be six hours either way; my curriculum was just based on three hour classes. You can also explore the issues more indepth in the "book" classes.
As far as the synoptic gospels issue goes, IMO, if we mesh all the gospels together, we'll neglect some the unique perspective John provides. My concern would be about how one could cover all 4 gospels in a two hour course. I'd think it would have to be at least 4 hours (perhaps Life of Christ 1: The Synoptic Gospels, Life of Christ 2: John)? In these classes you could really hammer home form crit, lit crit, text crit, etc.
Some class on grammar and comp is necessary, as long as the focus is geared toward our program. e.g.--don't teach them to use MLA if we're going to require Turabian; Don't ask them to critique a play--ask them to explicate a Psalm. Perhaps we could require two courses--one on grammar rules and sentence formation, one on essay writing?
Also, I think if the program is going to be heavily computer-oriented, a one hour computer orientation class could be beneficial.
As far as the OT and NT go, I have no problem with having more NT classes than OT classes, as long as the OT is not completely neglected (survey doesn't count). IMO, the average student would do well to learn from the Old Testament as well, so that in ministry he will preach/teach the full counsel of God.