Dan,
I grew up in Deland and have visited Tab on quite a few occasions. I even took a loft flight with a coulpe of the more senior students and thought very highly of them. The King Airs are older but well maintained and their Sim is great, I got to take it for a spin. The town of Deland is very small and is home to Stetson University. It is located about 25 miles from Daytona so the potential for fun is definatley there when you get some time later in your training. From what I understand, the first couple of months you are at TAB you are in gound school learning the King Air systems and your actual ratings (ground school) are pretty much self study and self taught although the instructors are open to any questions you may have.
The training contract you have to sign is quite strict and you dont get a refund after you begin the actual flights (from what I can remember). I spoke with the owner a few times and he was very frank and straightforward which I appreciated and he did let me have a copy of their contract.
All in all, I really think TAB has a great concept and yes they are expensive but you get the valued Twin Turbine Time, one of the downsides is when you graduate, you will not have your CFI ratings so if you can't land a job as a pilot anywhere, you are pretty much sitting on your arse and you have to go somewhere else and pay some more to obtain your CFI ratings...if the industry was hiring now like they were 2 years ago, this program would be ideal, but for now.....choose whatever suits you and your wallet.