The new scheme is fundamentaly a re-brand of the old course content with some adjustment to flying hours, most of the single flying is now done in the states (since courses have been getting severely delayed due to wx - not pleasing to the sponsors when they can't get their costly cadets on line on time !) which means the course should cost less right ? Instead this is traded for more twin time flown back here in the UK (currently 27 hours, going to somewhere near 40 hours in the new set-up)
I also believe some exams are done prior to going off to the states.
Seems to be working quite well, but I'm with WWW on the fact that no-one guarantees anything - interviews or otherwise. Unless you have a faultless record during your training it is hard for Oxford to recommend you - they've been bitten before !
Oxford has its problems, like all the training organisations ? and everyone knows they're not the cheapest - it comes down to personal preference and whether you want to spend that kind of cash, simple