That's very true. Being a new school, they are a very risk choice. They have no prestige or reputation. There wasn't much to look at on tour. There was a bunch of empty rooms that were promised to be filled by the start of school. CMED definitely has potential, but the first class will definitely be a guinea pig. Their acceptance rate could triple after waitlist movement, but that's a long ways off.
Many other medical schools were once in this situation- UC Irvine, UCSD, OHSU, etc. I can appreciate an applicant's reservations about a new school. If the school is recognized by the AAMC, you're in good shape. If you won't go to a school, don't apply to it.
Being in the program gives you a chance to take the USMLE, and passing that is what really matters. Beyond that, a school's prestige is affected by what kind of training is given, the depth of the faculty, where the graduates match to. Applying to medical school is mainly about getting in though, and the future details can be taken care of later. I know people who are dermatologists, ENT & orthopedic surgeons who went to schools some pre-med students would not apply to. If you seek to become a physician, any medical school is better than none.
. Can you share what you learned about the school? What you really liked, disliked. Do they have early clinical opportunities etc etc. 
