Trust me, the facilities are perfectly adequate or better for our needs. And the ugly looking M1 lecture hall is probably 1000 times better than the newer, prettier, more uncomfortable one us M2s are using. Oh, as for the labs, they are also pretty decent for the time you'll be spending in them. They also make great study rooms since the dividers are basically giant whiteboards (Bring your own markers). There are also ample other places to get quiet studying done outside of the library, including the "nerd rooms" and various conferences rooms you can "rent" (for free) after 4pm when the offices aren't using them. I was a little disappointed by the "old" look of the labs when I interviewed as well, but honestly they're one of my favorite places to study. Plus you got wireless internet throughout the whole building...I've yet to find a spot where I don't have a good signal (cell phone signal is a different story).
If you have more specific questions you can PM me, as by tomorrow I will have forgotten I posted in this thread.