DeVry graduate here. B.S. in Computer Information Systems. I attended the Columbus, Ohio campus and graduated in… mumble1998mumble
Let me toss my 2 cents in here:
DeVry does indeed offer traditional degrees, as I mentioned I earned a B.S. from the Columbus campus. If I recall correctly, the availability and degree/course offerings may vary by campus. I discovered after graduation as I searched for work in the NYC area most employeers were not aware of a 4 year degree from DeVry because their local campus only offered 2 year degrees. It was a hurdle but didn’t prevent me from reasonably quickly landing a position with Bear Stearns right out of college.
My personal experience leads me to believe that at least in the CIS program (a good friend attended DeVry in the EET program and his experience mirrors mine described here) DeVry is not a diploma mill. Yes, they are for profit and there were times when that was obvious in terms of their marketing, etc. which at the time was heavily dependent upon job placement / starting salary statistics. My CIS class began the 1st trimester with approximately 300 students. By the completion at 9th trimester, there were less than 40 remaining who actually obtained their B.S. degree. Is DeVry guilty of taking in a lot of students initially and getting their tuition bucks for the first few trimesters? Sure. Most of those without the intelligence and dedication didn’t last long and ended up either dropping out entirely or enrolling into other programs such as Accounting.
DeVry’s B.S. programs are heavily focused upon the specific discipline, in my case that meant a lot of system analysis and programming classes. However, those classes were balanced by the more traditional elective courses such as Psychology, Sociology, Literature, History, etc. DeVry does not offer the variety of courses as one would have at say The Ohio State University but it does attempt to balance and provide a rounded (if planned) education.
Costs - It is absurdly expensive and in hindsight I do believe it was worth the cost based upon my current career and income level - HOWEVER - it is damn expensive and still in hindsight I might weight my decision factors a little differently than I did at that time in my life. At that time, a 3 year track to a B.S. degree and the “planned” curriculum (no fighting for classes or having to self-plan my educational course) were very appealing to me as a non-traditional student with limited time and a full-time job.
4-year degree in 3-years - This was very attractive to me. DeVry’s curriculum allows you to obtain a traditional 4 year degree in 3 years (9 trimesters). To do so is a bit brutal - 3 15 week trimesters a year with minimal breaks between trimesters for 3 years straight. Average course load was 19-23 hours per trimester. It was intensive and at times exhausting but for a non-traditional student like myself who finally wised up to getting an education and wanting to complete that process within a reasonable time-frame it was a good match.
Non-Traditional Student - For me, there was a lot of attraction in attending a university that contains a higher percentage of non-traditional students. The idea, in my late-20’s, of attending OSU with a bunch of 18-20 year olds was not appealing to me. Having classmates from a variety of ages and backgrounds and experiences (recent graduates, retired military, 2nd degree seekers, etc.) was a great benefit and added a lot of perspective to our courses.
Reputation - This is a two edges sword. I admit, I don’t proclaim loud and proud that I am a DeVry graduate. This is mostly because I react the same way as most people do when you see commercials on MtV for DeVry - I just shiver. To me there was a significant disconnect between the cheap and cheesy marketing/advertising DeVry does and the quality of my experience and education. I am proud of myself for obtaining my degree, the first in my family to do so. I am proud of the career I have managed since graduating from DeVry. I realize that without that piece of paper, I would not have the opportunities that I have now. Without the education and skills I developed there, I would not be as successful in my career as I have been. I am thankful and appreciative that DeVry gave me a path to obtain that degree which fit into my needs at that time in my life. I just try to avoid answering the inevitable “So where’d you go to school?” questions. 
I’m sure there are probably more things that can be said (good and bad) about DeVry. If anyone has specific questions for me about my experience feel free to ask.
MeanJoe