Fellow alum: Yes it is a good school for many reasons beyond the quality of it's teaching. There are however 2 things to consider.

1. Holy hannah is it expensive and I doubt in 10 years it's gotten cheaper. Even with financial aid it's still quite expensive w/o being a household name.
2. It uses terms (basically half-semesters) meaning that after 3 weeks of class you are already at mid-terms. This makes things FAST. Now that has some benefits and coming from the odd way my voc. high school worked was able to adapt but you could see those freshman year who weren't and eventually dropped.

There is definitely more a working in a team aspect compared to what I've heard from MIT - but if you do go just want you to be prepared for how fast it will seem and how much it will cost ya.