sollicitus, are you ipscientific? The "current regime" is based on job markets and alum base, which in turn is indirectly based on ranking or reputation. Online schools have none of that stuff, by design. There are some non-ABAs that do, I have known successful attorneys who went to non-ABAs, but never anyone who went to an online school (at least who admitted it or was working in a non legal field).
If the ABA did not discriminate against online degree holders by locking them out of 95% of state jurisdictions, the pass rate would be higher because more competent students would opt for online degrees. I get a kick out of all those sanctimonious law school graduates who suffered through endless boring and pointless lectures on Property law and Civil Procedure who claim online degrees worthless. In the end, most students get by memorizing outlines and taking Barbri.
Online schools cannot attract "good prospects" because online degree holders are locked out of at least 95% of all bars. The situation will only change when ABA law schools start offering online JDs like many regionally accredited bricks and mortar schools do now with graduate degrees. The ABA schools could then get rid of over paid law professors and hire adjuncts and in theory the cost to the student would drop.