Any advice about the European Graduate School?

I've been looking at this school for years, on and off. Any idea as to its legitimacy?

Here's the link to the school: www.egs.edu

 

Interesting school. They are apparently in the candidate stage of Swiss accreditation.

http://www.egsuniversity.ch/

 

The ODA says this about it:

• This supplier appears to be approved by Swiss cantons, but its degrees are not recognized for use at other Swiss universities. Oregon requires that foreign degrees be usable within the nation of authorization on the same terms as other college degrees in order to meet the statutory standard of having the "foreign equivalent" of U.S. accreditation. Approval by a Swiss canton therefore does not meet the Oregon standard for foreign approval.
  
  SOURCE: http://www.osac.state.or.us/oda/unaccredited.html

Based just on that, I'd say "stay away"... but that's just me.