A nice post in the same topic on the Kellogg site. I see that you had asked the question in 2009 and have probably decided on some program by now. But for the benefit of others:

"Recruiting is about telling your story - where did you come from, where are you trying to go and how is your MBA program helping you get there? On paper, there is no difference between the programs and some students leave it at that. I would, however, always attempt to discuss the fact that I am doing the 1Y program. It is my opinion that the Kellogg 1Y program is the best-kept secret in the MBA business. I loved talking about it to recruiters. It gave me a chance to tell my story and get personal. To demonstrate that my strong background allowed me to be part of a select group capable of tackling the rigors of an MBA in an accelerated fashion. Anyone deep into their career appreciates the logic associated with the lower costs and reduced time out of the workforce. They expect that logic in their business."