Our gifted program doesn't start until fourth grade- we are just waiting until it starts for our third grader. There is alot of snottiness in our school district and competitiveness to "get a spot" in it.
I don't know if the teachers in the full-time gifted program will be better. I'm hoping that one bonus will be that the kids who don't do any work at all will be somewhat weeded out. I was volunteering in his class this week- their public school is ranked in the top 10% of California. They spent the whole week reviewing adding quarters, dimes, etc. For real! A number of kids thought a quarter was worth 15 cents...
My son is bored right now. He's capable of moving alot faster. I don't think alot of kids/parents would necessarily WANT to move faster or do alot more work. I don't think many parents whose kids aren't in a gifted program really realize that.