The most recent big controversy was the Star Simpson thing. She made a small oversight before she left for the airport, and we were annoyed that MIT didn't correct the fact that the press made it sound like she was intentionally pretending to be a terrorist.
After talking to my cousin, who goes to BU, and hearing about other schools, I've realized that MIT is unique in how much freedom it gives its students. We don't have RAs who report us to the police for the slightest underage drinking, we just have awesome GRTs who try to keep us from going overboard to the point of passing out. We aren't required to pack up and leave for Thanksgiving, between Fall and Spring terms, or during Spring break, which is really nice. Even though I've never been around at those times, it's really nice that I don't need to pack up my whole room.
Also MIT doesn't have real dining halls where everyone pays a flat rate for all-you-can-eat meals all term. We have "preferred dining" where you can pay a few hundred dollars up-front to get half-off each thing your buy, but everyone I know thinks that's a major rip-off. I live in a dorm with awesome big kitchens, and I prepare my own meals, which is fun and saves money. It can even save time--when I have five minutes to eat before class, I just pop some oatmeal into the microwave or grab some leftovers from the fridge. I'd never have time to go to the dining hall in that situation. The only bad thing is that our kitchen is common to 35-40 people, who don't always take responsibility for what they make dirty. Dishes pile up in the sinks, and it can get really gross. Since we have a lot of shared dishes, there's no way to know who made the mess and therefore whom to nag to clean it up. So I end up cleaning up after others a lot just to keep the place sanitary. To me having a kitchen to use is well worth the rotting mess it sometimes becomes, but I could see this bothering some people.
I spend most of my time in the library, in my dorm room or kitchen, or in class/rehearsal.