I took my assignments seriously and always tried to figure out a practical application even when some of those topics were just plain ridiculous. I the the exercise was good overall to learn something new and step outside your own box.
However, with that being said, everything I learned in the TMS I could have learned by participating in school activities. In fact I could have learned much much more.
The last talk I gave in the TMS was when the school overseer said from the platform "I had a hard time finding anything wrong with your talk." I figured I was done. About a year before I left the org, I handed the talk assignment slip back to the overseer and told him "I graduated."