I think for those comfortable with Ave Maria's orientation, it is probably an excellent option. The students and faculty appear very strong, and I'm sure it will only get stronger. I predict that it will place within the 3rd tier very quickly, and perhaps right off, and will probably be within the 2nd tier within a decade, if not sooner.
It simply has a ton of support behind it, financial and otherwise. If you can get in now vs. most 3rd/4th tier schools, I'd certainly consider it.