No. I don't know that I agree or disagree either way. I just stated a point. What little I've looked at with US News methodology for their rankings it looks halfway decent as a means for ranking schools, but I know that it is roundly criticized. I've not, however, looked at it enough to form an opinion one way or the other. I tend not to form opinions on things for which I know little about.
The schools I have spoken with have given me their numbers. Of the schools I have spoken with, on average over the last couple of years, they've admitted somewhere between 20 and 40% of their applicants. That's not as competitive as most med schools or PA schools, but it is far from what you and JWK have suggested.
I'd rather have a root canal. At least I wouldn't lose as many brain cells.
There are some crap schools out there, no doubt. But online does not automatically equal low quality. I actually believe there are some on this board that think there are schools that offer entire NP degrees online. So when people bash NP education here, I assume quite of bit of ignorance behind their posts (not saying you are one of those).