Statistics on the last bar exam in Jun 2012 state the passage rate percentage for CA Accredited was 31% for first time takers, repeaters 10% and all takers 19%. For all takers in the unaccredited category - 15%, not much difference between CA Accredited and the Unaccredited and the repeaters for unaccredited was 12% HIGHER than the accredited 10%. Feb 2012 - first time takers - same percentage 33% in both categories. I don't know seems to me the CA ABA pass rate not anything to boast about either at 68% and 53% on the same respective tests. Tightening standards will mean what? No more distance learning or correspondence schools? We shall see.
One disadvantage to CBE schools is that I believe most are part-time and part-time law study is not what you need for the bar exam. It may lead you into a false sense of security and having only 3 exams spread out over a few days in law school is a cakewalk compared to what you are required to do on the bar.
Another issue with CBE schools is I believe (without about 51% certainty so take it with a grain of salt) Barbri does not offer their services to non-aba students, but I am sure CA Law Dean will interject if that is incorrect. BarBri or Kaplan is really what prepare you for the bar law school builds the foundation, but those courses get you the license. If those courses are available from a CBE school and you do what they say you are likely to get that law license whether from a CBE or ABA school.
I think CBE schools should require some minimum LSAT score for consumer protection purposes. I think to many people are drawn by being attorney, but if you can't get at least a 150 on the LSAT that is probably an indicator you are not a great standardized test-taker and the bar is about 100x times harder and more pressure than the LSAT.
As for Cher if you were admitted to an ABA school and have been there a few years you have already given so much money it is probably better to stay to have an ABA degree. You will probably only save 30,000 in tuition or so and there will be some doors closed without an ABA degree. If you were a 0L and it was going to be $200,000 in savings it might be different, but you have gone so far down the path you might as well finish it off.