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My brother is doing a MBA Marketing degree through U of Phoenix and seems quite happy with it. It's accredidations are good enough that his employer (a large mail order retailer) is reimbursing him for tuition.
But also keep in mind, I have never heard of a 'Masters in Programming' and in fact most university computer science programs are deficient in teaching good programming. The goal for most cs departments is to teach the theory of computing, if you happen to get good at programming too, that is just a bonus and probably something you learned in an internship or on your own. The UoP program (i just glanced at it) seems more oriented toward the business side, not so much programming as managing programmers and IT management. You will likely gain skills that will get you a good job in technology through the program, but if you expect to learn much about programming you will likely be as disappointed as my friend who became a mechanical engineer because he wanted to work on cars.
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