What about schools that schedule step I in m3? How do those compare?
I think most schools that do a condensed preclinical schedule take Step 1 after their core rotations (I could be wrong, I've done no research and this is just my impression).
There are merits to both systems IMO. My school has changed to a condensed curriculum since I went through preclinicals and while I'm glad I went through the old system, in some ways I'm envious of those doing the condensed version. My not particularly insightful thoughts on the pros/cons would be:
Traditional:
Pros: more time for the material, being closer to the basic science courses when you take step 1, having a step score can help you target your research/rotation efforts accordingly based on your competitiveness
Cons: 2 years is a long time to spend in glorified undergrad trudging through 300 ppt slides a day, limited time for exposure/rotations in non core fields
Condensed:
Pros: significantly more opportunity to seek out exposure to fields you might not otherwise have time for, more time spent doing what you want, less of your life wasted on ppt slides, possible step 1 advantages (as an aside I'm not sold on the overall boost schools have in step 1 scores after switching to taking step 1 after rotations, my suspicion is that most top students would do well either way and it's the low end of the curve who were going to phone it in either way but score better simply because you have to have learned something after spending 60+ hours a week in the hospital for a year)
Cons: preclinical info is a lot to get through in two years let alone 1.5, you delay knowledge of the most significant factor in your residency competitiveness
Either way it seems that the Med Ed community has determined condensed is the way of the future.