Let me start by saying upfront that I'm an alum of the first MBA class at Cornell Tech.
Cornell Tech MBA students have the best of both worlds - the network of Johnson and Cornell, and yet the ability to shape a brand new program. I cannot speak to the comparison of statistics, but I can say that the Cornell Tech programs attract a slightly different interest set. Most of the interesting statistics I can tell you are about post-graduation success...and, there has only been one class that's graduated. I think some of the general statistics that you are used to would be a bit difficult to share, as there has really only been n=39 graduated.
I can tell you that I applied and matriculated specifically because it was an new/experimental program. Note that, however, it's experimental in its
additions to the MBA curriculum (like a co-curriculum with M.Eng. students building start-ups led by the former CTO of Twitter and the co-founder of NY Tech Stars). The underlying MBA core curriculum comes directly from Johnson, mostly at the main campus. I think that's an important distinction.
To directly answer some of your questions - yes, that means that the electives are more limited in focus (a good portion of that time is used by the aforementioned experimental parts of the program). In fact, a good portion of the curriculum is "lock-step" together. By the way, these elective options are growing year to year (for example, there is a lot more access to CS classes this year for MBAs). No, I doubt there would be any way to pursue German as part of your MBA. (But, you could also buy Rosetta Stone?)
I'd be happy to talk to you about the successes of my fellow 38 classmates, but I'm reluctant to post a lot of their information here. I'm very proud of where my class is today though! Perhaps we could chat if you want more information - send me a note.