C'mon Rich and Shabam,
fighting on the internet is like racing in the special Olympics. Even if you win, you're still retarded.
Now, on the topic at hand. I myself go to the Toronto Film School with Franco. Franco is actually my Cinematographer on every project I direct and he sure as Hell knows what he's doing. We are all taught cinematography from a guy named Burnie MacNeil. He knows his shtick. He was around when 3x20's actually got the nickname "Def". If you're in the field, break an ND filter and don't know what to do, he can tell you how to make one with saramwrap and hairspray. Now the equipment we have at the school can be viewed as "minimal" to some and "wickedly awesome" by others depending on your background. As someone who used to work for Cogeco Cable 10 in Niagara Falls, the school falls under the wickedly awesome category. From what I understand it's the same for those who took interns at Roger Cable 10 (where Franco used to work).
Here's the thing, TFS is a conservative school meaning you're taught EVERYTHING involved in making a film. Most "traditional" institutions fixate on one area or the other. Usually that area is directing. This is why schools like TFS are looked down upon, because a person can leave it and get a job either as a grip or a director, and both had the same education. Your own experience there and what you do with your time is what will define you as a film maker, not which piece of paper you have hanging over your wall.