I'm surprised Olin college hasn't come up in this discussion yet (http://www.olin.edu/ http://www.olin.edu/). They're small, but essentially went with this mode

I'm surprised Olin college hasn't come up in this discussion yet (http://www.olin.edu/ http://www.olin.edu/). They're small, but essentially went with this model, at least for a while. They're more undergraduate-focused though, so I don't know if they'll ever garner the "reputation" of MIT and Stanford's impactful research programs.