Meadville Lombard's announced plan to move to a three-year program, with several integrated praxis segments, and potentially without an internship requirement, is kicking up some dust around the interwebs. See Celestial Lands, for example, and his link to some current students' opinions in the ML newsletter, "Stairwell Wall."
It should be noted that seminaries must have an annual crisis. Seminary produces a huge amount of anxiety, and it will always find expression, usually around some issue other than the real cause (like many other things in life). Also, Professor David Bumbaugh thrives in the role of "loyal opposition," so it is not surprising that he would term this plan a "trainwreck."
That said, I may agree with David. I have not seen the proposal, so I will not say definitively that Meadville's administration is planning to replace a long-term internship with several short-term praxis (what is the plural of praxis?). I will say that I found my internship to be extraordinarily valuable, and that much of that value came from the experience of relationships over time.
I am eager to hear the actual proposal, and will try to refrain from too-hasty judgment until then. In the mean time, I will follow ML Board President Larry Ladd's suggestion, and pray for the Board members as they deliberate on the best course for the school's (and our UU movement?!)'s future.