I applied through a recruiter. The process took 2 weeks. I interviewed at Press Ganey (Lexington, MA) in June 2011.
It is composed of the usual phone screens. The next step is a face to face where the candidate is evaluated for basic development skills and personality fit for the intended team.
Pretty much take it or leave it. At the time, I felt that this was the best group of people that I had met during the job search process, the company was doing exciting things so I chose to sacrifice a little money for the expected enjoyment of my work life.
Your feedback has been sent to the team and we'll look into it.