It was interesting but I found it very erratic, the selections seemed to be picked almost at random. There was excellent work in the show, but there was also a lot of crap. They display all of the work that didn't get in in an area upstairs, and I thought a lot of it was stronger than the majority of what was in the proper show. It would have been easier to figure out if I didn't care for the whole show, because then at least it would have been consistent and it would have been easier to write off as a difference in aesthetic opinion, but both the photographer I went with and I found it all over the place with little apparent rhyme or reason.
Disclaimer: I submitted work to the show that wasn't selected. I genuinely don't care all that much whether I get into shows or not as it's just one person's opinion either way, but that I wasn't selected is a fact. Do with it what you will.
As a side note, they apparently consider pinholes to be toy cameras, despite the fact that none of their material says so (in fact they repeatedly say that the quality of the lens is the determining factor as to whether work qualifies, and a pinhole is not a lens). This is something I would have liked to know both as someone who paid a fair amount of money to submit work and as a viewer of the exhibit.