As someone enrolling in 2012, I think that if its "success" is to be based on filling the quota of 500 regardless of the quality of the students chosen, then I would rather it be "unsuccessful".
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So the best strategy will then be to postphone opening and let more marketing sink...
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OR they may be using the extra time to prepare the necessary manpower and facilities required to run a university...
Healthy skepticism is good, but please give a little thought before doing any second guessing...
PS: I believe one marketing reason for having matriculation in April 2012 is that they could simultaneously attract and admit students who would have matriculated into other local universities in July 2011/2012.
Thereby, perhaps, doubling the number of pioneer applicants.