Full Sail is OK; friend of mine went there, but it is no comparison to LA Film School which is same type of program (private, one year) but way better. First of all, it's right in Hollywood. Full Sail is in Orlando -- like where???
Both have lots of equipment but LA Film School has plenty of cameras, lighting, grip, etc. They just got two more Sony HD 900 cameras so they have four true HD rigs (not the little HDV things, real pro cameras like used on Sin City, Star Wars, etc). I've worked with lots of LAFS grads and they all were happy with what they learned and they seemed to know their stuff.