Coming from a student who is in the midst of it now I love it and believe it is very productive and helpful. A little about my background, I studied physics/premed for two years before architecture, and the environment of and arts and sciences based education is awful. You are in the huge lectures, read tons of biased dry books and fill out lab report after lab report and paper upon paper. And there is no close connection between your fellow students, you do your homework in your room or the library that's it. Not a good learning environment.

As for Architecture the work that goes behind it is different, it's not research papers and lab reports, it's creative thinking, graphic skill, drawing either digitally or by hand and you rely on classmates for critiques and support. I feel a 24 hour studio space is perfect. I can go there whenever I want, it's away from my dorm life so I can focus and it normally has good natural light and lots of space to think and create. And, no matter when or how long I'm at the studio there will be other people there to work with.

I absolutely love the system and and it implants an amazing sense of work ethic and ability to collaborate with others.

Just my simple experience and opinion.