Maybe in 30-40 years, the face of education will be different. For the time being though, it's a bad idea, *especially* in CA. There are so many law schools in CA, both accred and unaccred, so you're competing with so many more people than in legal markets in other parts of the US. Also, it's so hard to pass the bar in CA no matter what school you went to, so going to an online law school that's almost impossible to guage the quality of isn't going to help any.
And if you want to work for a firm, then you're probably pretty screwed, as tehy're getting resumes from people who went to schools with various reputations. I don't know that online law schools have even been aroudn long enough to be considered anything other than a joke.
And if you want to practice law, you need to take the bar exam, period. It's possible to pass the bar in CA and get admitted pro hac vice and practice in NY while working for a specific client or case, but you need to prove that you are a member of another state's bar and in good standing. So no bar exam means that to many firms and employers, you're worthless. (further supported by the fact that many recent law schools grads that get offered positions right after school will be fired if they don't pass the bar exam within 1 year of graduation.)