Last year, I attended the informational session, interviewed, and was accepted into a merchandising role. Unfortunately, my college led me to believe that I would get credit for the classes they offered, and at the last minute, informed me that I wouldn't. After I had to decline my offer, I was informed by disney that there was a way to transfer credits to a different school, and then back to my school, but it was too late. From what I hear, it's the experience of a lifetime. I hope to possibly do it during grad school, or to have an actual internship at WDW.
If you want to work at WDW after college, it's a great idea to get in this program, as you'd be hired without a doubt afterwards.