This is coming in kind of late but I got into SUNY Upstate as an Early Assurance Program student two years ago and much as people have reported, its a very tough decision to make. The other replies on the thread hit it dead on when they said that the standards to keep your seat are high enough that you would wonder if you could get into someplace more competitive. Thats why a lot of soul searching is involved when it comes time for you to consider accepting and EAP opporunity. I for one opted to not think too much about where else I could get into and jumped at the chance to dodge the MCAT. I was also impressed what I saw of the medical school and the people there and thought that it would definitely by a place that I could spend 4 years at.
In terms of what you can do with your newly acquired free time should you get in, the sky's the limit. A head start in beefing up your research profile and pumping out publications is one route, another is to travel, having fun and getting a taste at all the flavors that life has to offer. Looking back on it, I feel that I should have had alot more fun, but I don't have any regrets for making the decision I made. Its just a process of what you want in life you know? If you want to go all out and take on UCSF and Harvard and you know you've got the right stuff, by all means go for it. I don't like to take myself quite that seriously. I like the school that I'm going to go to and don't dwell too much on other places I could have applied to. So if you know you want to be a doctor, are comfortable with with the place offering the EAP program, and want to maximize your undergraduate experience, EAP would definitely be something you should seriously consider applying to.