The good:
- a bit of Students must be allowed to progress as fast as they want. Though not fully as once you're in your stuck for 6 weeks in their rythm. Though there are research projects going on too which helps.
- Peer tutoring-like: they seem to pick undergraduate students to serve as supervisors
The bad: everything else. Closed source learning materials + a university-like selection program. Such a waste of efforts that could benefit way more people with more open resources.
meta.mathoverflow.net/questions/4889/request-to-keep-an-eye-out-for-promys-admissions-problems asking to remove PROMYS problems from MathOverflow. And it seems to have been mostly accepted. Newbs. Any maths problem should be allowed to be askeable online. There are no fundamentally new problems, copyright takedown is just silly.