"So the focus of the program as well as your peers is in learning the curriculum and networking (with peers and alumni). "
Honestly, I think the above is a subset of what you could expect in a non-exec FT/PT program.
"If you are looking for a place where you can get your MBA and switch job or move into a new industry, a full time MBA or a part time / executive MBA from a full campus college might be better for you."
Agree completely.
"There is no traditional college campus but what you do get are state of the art classrooms, faculty from the Wharton school (one of the best in the world), and the prestige and networking opportunities that come from being a Wharton MBA graduate."
I attended classes at WW, Haas, and Chicago GSB, and I did not think that state-of-the-art classrooms contributed to or took away from the educational experience. I agree with you about the prestige and quality of professors at WW, especially in the finance area.
"Many of the students at Wharton West are looking to move info executive level positions are major firms and those firms don't generally recruit for those types of positions at college campuses."
True. The biggest networking opportunities at WW IMHO stem from the fact that you're closeted with 90 batchmates every alternate weekend. For those who want more options, this is clearly insufficient.