Yeah they do.
My Film Arts elective was incredible. I learned a great deal about the art of film (imagine that) and the class was incredibly interesting. Normally this wouldn't be a big deal, but I learned more from this one elective than I did from a year and half of classes related to my majors. Also, the professor's lectures were logical, ordered, structured, and appropriate to the audience, and you could tell he actually gave a fuck about the class, which is more than I could say for my other teachers. (And although my major is listed as Psychology, the shitty teachers I reference are from my time as a Networking Major.)
My least favorite class was OS Scripting because it was a bunch of fucking bullshit that I never would have used for any practical purpose and the teacher was an asshole.
It seems like most of us don't study at all, but I'm probably just more inclined to make friends with lazy scumbags rather than studious individuals.
We have many intellectual conversations covering a broad range of topics, which is something I quite enjoy about this school.
I don't know many competitive people. It seems most of us are either too jaded to care or didn't care in the first place.
Most unique class, again, was Film Arts. Watching and talking about movies six hours a week with an extremely intelligent and well organized professor, you really can't possibly beat that.
Can't comment on Psychology as I just switched into it very recently. The Networking department seemed to think that they didn't really have to teach, as anyone who would be in that major loves computer stuff so much that they'll just go out and learn it on their own anyways, so what's the point in teaching it? I think the major was designed specifically for kids with a passion for computer technology, which I just didn't have, so it didn't work out for me. But apparently it works great for other people, so if that's their method of weeding out all the people who don't belong, then I guess they're doing their job. (I don't mean that to sound sarcastic, that's just honestly how it seems. I don't fault them for it or hold a grudge, but I do think it's an accurate appraisal of the situation.)
I rarely spend time with professors outside of class, but when I have, it has been good. Three of my professors have taken me and other students out to dinner, and a group of faculty took us to an internet cafe to kill each other in computer games, which is always fun.
Academic requirements are pretty lenient, which is good since it seems like it doesn't take much to fuck your grades up pretty bad. Especially at a quarter-system school where one bad test can have devastating results. RIT doesn't punish you stuff like that unless you screw up repeatedly.
Getting a job! Screw the learning, go get a career and send us donations.