You may have noticed that current students have been MIA lately... The second years are getting ready for shelf exams + they'll be studying for the Boards right after. But now that we first years have finished exams (and aren't yet studying for finals - well, I'm not, anyway) I have a bit more time to answer some of your questions.
Spring reception: You mean the one this Friday, April 18, right? You guys should definitely come if you're in town - we'll be introducing you to some of the student organizations (e.g. AMA, AMSA, SGA, etc.) ahead of time. Should be fun, and more chill than the last one.
MD/MPH: You don't have to apply anytime soon. You can apply in the spring of your first or second year. So you can give yourself some time to see if you want to go for it.
Book budget: $5000 sounds like an astoundingly large number, even if they're counting both semesters. You can get lots of your books secondhand, either from rising second years (yes, we would love to sell you our books)... or from Half.com, Amazon, etc... or you can borrow them from our Media Library.
Many people avoiding buying books unless necessary - others of us (cough, not saying who) try to be on the safe side and buy everything, then regret it when the books sit on our bedroom floor.
Also, we'll give you guys advice on what you should buy because it was really really helpful (or mandatory), and what you should pass on.
'Negatives': This is a tough one, because it's obviously a very subjective issue. We each have our likes and dislikes, based on personal preference or personal laziness. Matt has mentioned previously on this board, the pros and cons of having so much lecture time. As he said, many of our classmates will complain about the lectures and insist they want more small group learning... but small group classes tend to be mandatory, and people complain about mandatory classes, too! So it seems you really can't please everyone (cliche, but oh well).
All that aside: we do have a pretty hectic schedule. Exam weeks, especially second semester, can be brutal because we're all so exhausted by then and we're studying for four exams at the same time. Most of our professors are helpful, though, and will respond to our emails or set up appointments with us, just to talk about how to prepare for exams.
Being a public medical school means that (in simple terms) it just doesn't have as much money. So our lecture halls aren't exactly... sparkling. And we could use some more study areas. But the teaching labs (aka "small group rooms") and laboratories (for anatomy, microbio, etc.) are relatively new and good facilities. And we get some pretty astounding faculty who've done amazing things, so that doesn't seem to be a problem.
Our curriculum is a little 'old school' - we haven't moved to an integrated curriculum yet, but it's a work in progress, and hopefully there'll be some changes by next year, or at least by the time you guys are second years. At any rate, students here do very well on the Boards, our match rate this year was around 97% if I'm not mistaken, and we go on to great residency programs. So, integrated curriculum or not, we still manage to be successful with the resources & work ethic we do have.
All in all, it's a great place, with diverse and interesting students, though you'll still see some of the same crazy former pre-meds (apologies, but it's true) as at any another medical school. The students here are great about getting involved, which is something I really like - it isn't the same core group of people running every club. (Though of course, some of us tend to get a little TOO involved... again, not mentioning any names...)
The way I see it, we get an excellent education here, for much less cost than private schools, with similar access to faculty, research, international, service, and other opportunities.
That's my take - happy to answer any other questions.