I did it a few years ago, and it really was bad. Nearly everything I learned that was actually useful was from my practicum. I had great practicum teachers to work with, so that helped, but others weren't so lucky. Not a single person I knew coming out of there (and no, I am actually not exaggerating) was happy with it. The most common view was that it was two years so you would pay 4 semesters of tuition, not so you would get 4 semesters of education. The classes at the university were almost entirely useless to what I have applied in the classroom since I left. Honestly, how much do you expect to get out of it when the prof just makes you buy corny-ass books that HE authored? I could go on, but I think you understand my outlook on it. There is a reason why so many teachers now refuse to take student teachers from that program.
I also disagree with the people who say you get out what you put in. I believe what you get out depends far more on where you are placed and which prof you get for your filler courses at the university. No matter how much I put in, most of that crap was not going to be useful in my day-to-day teaching.
That being said, I got a job right away (probably due to my practicum experiences being good) and have had one ever since.
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Everyone knows scientists insist on using complex terminology to make it harder for True Christians to refute their claims.
Deoxyribonucleic Acid, for example... sounds impressive, right? But have you ever seen what happens if you put something in acid? It dissolves! If we had all this acid in our cells, we'd all dissolve! So much for the Theory of Evolution, Check MATE! 
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