Rahl, Have you compared UniSA from ITD? So far from what I see, the lecturers are a mix of overseas and local.... PhD level if not MBA with teaching experience/working experience.....
Course is graded through individual assignments & group assignments and exams.

It is possible. But there are considerations to look into as well,
1. Ur time management
2. Family supportive of spending less time v them
3. The course u chose - intensive or spread out fine
4. Ur expectations. Some feel they could have scored better had they did it full time some not.

and other factors too.

The tangible ROI (salary increase, promotion, better opportunities) and the intangible (self-satisfaction, personal growth, knowledge etc) should be valued in my opinion against each individual wants. I believe majority would go for the tangible I suppose. I do have a classmate that took MBA (she is a housewife, technically a homemaker cos shes not holding a job now but comes from wealthy background) to prepare herself when she intends to venture into business. I also have one who was retrenched (VSS) and studying now.

It is not necessary to do a topnotch program though it may sound prestigious, I agree. Any program with reasonable pricing (20K to 30K plus), with peers who can contribute to each others learning and program suits ownself (eg weekend classes, exam or not exam based, lecturers credibility etc)