I'm inclined to agree with polarbear. Not only are they not individualizing, but also I'd be at least as concerned about the emphasis on memorizing stuff.
As the mother of a preschooler, I want a school that thoughtfully engages with my child as her conceptual understanding develops. Teachers who will give her satisfying answers when she asks questions like "Is a billion a made-up number?" "Why do bricks get hard when they're put in fire?" "Is the sky an animal?" Memorize her address??? Oh please.
I think the bottom line is, you're not getting gifted education at this school, no matter what they call themselves. I would ditch them and look for a school that just has lots of enrichment.
