Just got back from an AP Calculus teacher's workshop. You'd think that we would talk about pedagogy, maybe whether or not to introduce the epsilon-delta definition of a limit, how to prove MVT, etc.
No, we spent almost all of the time doing standard AP problems because the teachers needed it. Think about that if you're entering AP Calc next year. Your teacher may very well have learned the material only a few months before (or possibly still not learned it). Think your teacher can do a straightforward, although tedious, derivative with 3 chains and an ln or tan thrown in? If you're lucky. Think they'll remember to change the limits of integration in a u substitution? Not many did. Think they can determine
\frac{d}{dx}\left(\int_0^{x^2}\sin(t^3)\,dt\right) ?
Don't be so sure. Not once did we discuss how to find a limit algebraically. We plugged points into the good old calculator and were encouraged to have our students do the same. When going over old tests, we noticed how lenient the grading is. A student who wrote "=V(x)" instead of the correct "=V(25)" was given full credit. Someone who defined a function O and then used O to mean two clearly different things in a formula was given full credit. None of the other teachers even noticed this either.
I liked the story about the official grader who started crying during a problem because she finally got it. And this was a simple problem about using the derivative curve to gain information about the function itself! Even the graders don't have to know what they're doing because they have everything laid out for them. If they see V=2,000, give one point, etc.
We discussed in class how to get more enrollment in the program. Well, dumbing down the math for the students is the only way*, and it's quite obvious that that's what's happening.
To summarize, if you or someone you care about enjoys math and wants to enter a career where you may use it, take AP calc at your own risk. DON'T assume your teacher knows what he or she is doing, and please don't skip calculus in college. Wait one year and you'll get a much better teacher. If you're a student who has to take every AP class and join every club to get into Harvard, then take AP calc. Nobody likes you anyway :). And if you respond with "well, my teacher was great!", then good for you. You got lucky. There were 3 or 4 other good teachers with me in the workshop and they were as shocked as I.
*Well, of course the only real way is to fix math education from the bottom up, but nobody, at least no teacher or education "expert", wants to talk about that issue because it's difficult and worthwhile.
Edit: Another scary thing is that courses like this count towards grad credit(in education, not math I hope) and are the basis for teachers to be called "highly qualified". What a joke.