First students through a new program?

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A new graduate program (MS/PhD) at a university is nearing final approval, with plans to accept students in July for fall 2007. Initial class sizes will be limited to 6-7 students, and new faculty are being recruited for the program. A prospective applicant expresses concerns about being among the first to enroll in this new program, questioning whether this presents risks or if it could offer advantages, such as the opportunity for significant input on course offerings and responsibilities. The discussion highlights the balance between potential uncertainties and the benefits of shaping a new academic experience.
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Our university is in the process of creating a new graduate program (MS/PhD), and it is in the final stages of approval. They expect everything to be finalized in the next couple of months, and will begin accepting students in July for fall 2007. For the first few years class size will be capped at 6-7 students. New faculty is currently being hired for the program.

I am planning to apply for the program for fall '07, and was told I am a very strong candidate. I do have concerns though about being the guinea pig. Have any of you ever been in this position, the first to go through a brand new program? Should I be concerned? Or should I probably not stress if it seems like the university has its act together? Opinions?
 
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One possible bonus that I can see is that you may have a large amount of input about the program. Course offering, duties/responsibilities, etc.
 

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