As someone who suffered through the original 6-hour pencil and ScanTron version of the exam, this evolution in the testing process is a welcome improvement for those tackling this certification for the first time.
As a CISSP, I am thrilled to see new online training and preparation processes. I believe this certification is an excellent step in the education and preparation of the IT Security professionals. Furthermore, I wholly endorse any organization with the desire of propagating and enforcing a respectable Code of Ethics in my chosen profession.
The ubiquitous and yet mysterious Underwriters Laboratories is getting into the cyber security certification process. I am very intrigued by this approach on the part of the US government. It speaks to an almost lowest common denominator approach to cyber security and controls development. I do believe it is an important step forward.