My friend's brother has a theatre/literature class with him currently at Yale--he won't give us any details about what he's like though.
I think Franco is fascinating. And I am sure if he wasn't a good candidate the graduate program wouldn't have accepted him, regardless of his fame. He can lead a successful life without a Ph.D, so unless he *really* had something to offer, I don't see why they'd accept him. I wonder how many rejection letters he got!
Also, I saw a video of him sitting with Marina Abramovic at the MoMA. I am convinced this guy is my dream celebrity. I am sure he is really smart.