Perhaps experiences differ based mostly on the lecturers themselves?
My lecturers varied quite a lot in experience and knowledge, and sometimes more importantly, in speaking abilities. There was a few that were memorable, my high school maths teachers was one of them. In a weird twist of fate, he also taught me first and second year varsity maths. He had an awesome personality, and was pretty well versed in maths as well so made a lifelong impression on me in what many would consider the least loved subject. I'm sure he has helped many students in solving x over the years.
Engineering was taught by a similar personality. He could give valid examples that tied in well with the material, not just boring numbers that you can read from any old book.
Physics was taught by a prof that knew his work inside and out, but his lectures weren't very well presented. He could give extremely detailed answers, but he couldn't switch context as well, so he couldn't give very good answers if you had questions during a lecture.
My main subject, computers, was presented in the first year by a very unsuited lady. She might now the course material, but her knowledge outside that area was very limited. Even then I knew more about programming that she did, which made taking classes a very tedious process. Second year was handled by a more capable lecturer who almost seemed bored as we were by the subject matter

The juicer bits helped, and it was awesome learning some of the more advanced things from her and the assistants that weren't covered in the course material. Third year is where things really started getting interesting.
I'm sure that the honours/masters work would be even more satisfying, but at that point I opted for the job market to get some money together.
I haven't really seen my varsity lecturers since then, but my school teachers today seem more like peers. I was actually surprised how many of them still remember you!