If you want language training in Panama City, this is the place to be. The location is safe and your lodging will be close so that means a short, mostly traffic-free walk to school. The school is also right on the bay you can enjoy a nice ocean breeze while the rest of the city is stifling. I really enjoyed my teacher and she immediately picked up on what my language needs were with out wasting my time or money.
The prices of classes aren't entirely obvious so if you are concerned, ask ahead of time. Also, lodging, though classy, can be pricey in Casco Viejo unless you are willing to stay at a hostel. The only other thing that could make this place excellent is the eventual inclusion of immersion programs - mainly homestays. It's a new school, so it might take some time, but if they do manage it, it would make it one of the most attractive and authentic language classes in Panama.
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