I took a 100hr (might be more, can't remember now) project management course online. I don't know how it would look to potential employers, but I got a lot out of the course.
From the material I learned in the course, i've been able to develop an actual Project Management Procedure for my company. Something that they didn't have before.
The company paid for my school and they get a procedure out of it I guess. So it balances out.
I would say don't take it to impress a potential employer. Take it because you want the knowledge or information in the course. I'm glad I took mine. I would take more in the future.
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