@BSD I didn't mention INSEAD because after doing some research on the program, I just didn't feel it was a very good fit for me. Sure, INSEAD has a great "name", but the curriculum was not particularly appealing to me (especially the lack of media related electives), the 10 month length seems like a very short window to thoroughly cover all the courses the INSEAD program requires, and though I'm interested in learning French, I'm not particularly keen on their language mandates.
On a far less relevant and purely anecdotal note, it seems that people applying to INSEAD are more likely to be arrogant, condescending, narrow minded aspiring VC/PE/IB/MC douchebags. I'm basing this solely on my interaction with people here, at similar forums and the people I've met in person who were seeking admission to INSEAD or similar "Ultra Elite" programs.
I'm sure there will be a degree of the above at every top school, but INSEAD (and a few other "Ultra Elite" programs e.g. Stanford, Harvard) just seem to attract a more money and power crazed demographic that doesn't seem too see care about MBA programs beyond their brand names and that brand names ability to aid them in breaking into or moving up on Wall Street or breaking into Management Consulting.
IME, elite, but not "Ultra Elite" schools, such as HEC, NYU, Cal, and Cambridge, have seemed to somehow attract a slightly more down to earth and diverse (i.e. diverse with respect to their interests and ambition at least) demographic.
Of course, I could be dead wrong about the type of applicants INSEAD attracts, but the above represents my gut feeling.
Please feel free to chime in -- I'd like to know your thoughts on the matter.