R.J.
I really depends on the schools themselves, how the programs are run, and the individual teachers.
Take montessori schools, which do combo classes (in a 3 year range; 3-6, 7-9, 11-13, 15-18) from preschool to highschool. Kids work at their abilities. So an 8yo may be doing upper level math and lower level reading, and a 7yo may be doing upper level reading and lower level math. Both would be he;ping the other at what they're good at (the whole, you retain 90% of what you teach). Kids learn from those who are more advanced than they are, regardless of age. The teachers rarely teach as a group, but teach 1 on 1 instead.
Take a standard public 2 year split; in some classes the teacher spends 1/2 the day teaching to the 3rd graders, and the other half teaching to the 4th graders. In another class the teacher teaches the same material to all. In yet a third class, the teacher teaches both sets to both sets / kids are grouped by ability instead of age (reading group A/B, science groups A/B, math groups A/B), etc.
We've had *amazing* experiences in combo classes, and *lousy* ones. It really depends on the structure and the individual teacher's abilities/ preferences.