I had a 3.73 our first semester. I have no idea how that ranks over the class. That only included 15 hours of classes though, 4 classes were pass fail and 5 classes carried over, so i won't get a grade for those till the end of this semester.
I think we'll have grades in 45 credit hours overall, and pass/fail in the rest. Oh, my average is definitely going to drop this semester. Hopefully it'll end up a 3.4 or 3.5 though.