I'm taking the Falcon Online course right now, it's decent; it's not the same as the hotel version (obviously) but the books are the same, and you just have to watch the videos online. for the most part the lecturers in the video just read off the slides (especially Anatomy), but the other lecturers do a good job of explaining things. i assume it would be similar live but i can't say for sure. i had a friend who took the live falcon though and said that the accomodations were pretty shoddy, but that the course was good if you stick to it.
obviously i have no input on the pass program, sorry.