The good: The educational facilities are generally high-quality, well-maintained with up-to-date technology when applicable. Registration is relatively painless, the class sizes are fairly small, and it's fairly easy to get the schedule you want unless you need certain advanced classes. The professors are generally passionate and knowledgeable about their topics. Community is solid (though rather liberal, if that is an issue for you), with plenty of events going on regularly. The school's focus on diversity really pays off.
The bad: Dorms are somewhat small with no air conditioning and you are not allowed to bring your own air conditioner, allegedly because the university's power grid can't handle it (but the buildings have some window-mounted air conditioners visible on the outside.) As a result, dorm temperature can be nigh-impossible to regulate. Communal bathrooms tend to get very messy and they are not particularly well-maintained, with inconsistent water heating and pressure. The cafeteria food is quite bland and the prices for all food on campus are quite high. Tuition is -incredibly- expensive and continues to increase. Administrative policy is unfriendly toward certain sports such as fencing, which along with similar activities is prohibited on campus due to the equipment being considered weaponry.
The ugly: It can be extremely difficult to get a real financial aid package, and the university is not above handing you an estimate and then lowering said estimate dramatically without any notification beyond a new bill which could be several thousand dollars. Convenience fees for paying off such bills are scaled in proportion to them as well. It is a fight to obtain anything beyond the barest financial aid, and this writer was essentially lied to with a promise of large amounts of aid and an actuality of a large student loan being required to finish the year.
Summary: Fantastic school for wealthy commuters. Less so otherwise.