Thanks ncprasad and msday. It's been a bit of a journey, I may have to right up under the "Evolution of your b-school pursuit," but 6 months ago I was for sure going to Vanderbilt. I only came across Cornell and their dual-degree program when I went to schmooze a little bit with the Vanderbilt people at an "Inside the MBA" event here in the Northwest. Cornell was there also, so I looked up about their program before I went, asked questions, decided to apply, and now it's off to Ithaca! But every experience I've had with the school has been very positive and they sold me on the idea of living in Ithaca, and in turn I was able to sell my wife on it.
I'm definitely gonna be thinking for a while about whether to go for it or not. I was accepted to the Master's in Real Estate program, which I really like and is very focused on what I want to do, so I already knew I was going to Ithaca. Basically, to get the dual-degree with the MBA adds a third year. So 2 years I could have either the Master's in Real Estate or the MBA, but in three years I can have both. I'm trying not to "over-degree" myself.
Also, a third year means an additional year of tuition and living expenses without actually being out in the real world making money.
I think solidcolor had posted a similar internal debate earlier, though she had a scholarship lined up...if only I were so lucky!