A Transnational School in NYC?

Chris Whittle is starting transnational school in NYC. A majority of the students will have at least one foreign born parent. All students will be taught half the time in English, and half the time in either Mandarin or Spanish. Actually, he’s starting the schools in 20 major cities around the world, all on the same curriculum and teaching model, hoping to hold on to the kids when their parents are shuttled all over the world for careers and ambition.  It reminds me of the neo-Victorian phyle in Neal Stephenson’s The Diamond Age.  What kind of new old boys (and girls) clubs will this kind of childhood education create?  How will this kind of school compete with the high quality gray market educations now on offer?