The last few posts show that test takers seem to be very concerned about the Online GMAT, but here is the advice I'm giving my students: for most test takers,
the risk is limited to $200 (and some time).
1.
For test takers concerned about security: The GMAC must assume that the
entire question pool will be leaked. I don't know if they'll tell us what they're doing about that, but any reasonably organized group of test takers can obtain the entire pool even with the
limit on the number of attempts (only one attempt allowed).
2.
For test takers worried about the impact of various policies on their score: The Online GMAT
doesn't count towards either the twelve month or the lifetime limits. In other words,
taking the Online GMAT doesn't hurt your ability to take the exam at a test center when that option becomes available.
3.
For test takers who don't know which programs they want to apply to: The Online GMAT, unlike the normal GMAT, will allow you to select programs after the test for
free (after you receive your score) as well. This is something they should have done for the normal GMAT long back.
4.
For anyone who already has a score and is concerned about the "advantage" that people taking the Online GMAT will receive: I'm not sure whether this will actually be an advantage, but the main point is that in these times, we have to be willing to support measures to help people who simply must take the GMAT now (whatever their reasons). I'm not an applicant, but I do work with test takers every single day, and I believe it would be better to help genuine applicants than to deny options to everyone because of (1).