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Blazinghand comments on Stupid Questions (10/27/2014) - Less Wrong
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Anecdotally someone close to me did one of those and it was a quick way to burn thousands of dollars.
I tried to dissuade them, but end the end they came back with less knowledge than I did of the subject, and all I did was follow some youtube tutorials and look at stack overflow to create a couple learning apps for android.
Anecdotally two people close to me did similar crash camps on coding and ended up with high-paying coding jobs despite having no experience in software development and degrees in unrelated fields. They seemed to do well, but since this isn't a controlled experiment I can't say whether the jobs they got are jobs they'd have not been able to get if they just studied on their own for a while.