It can be a pretty unrelenting course, and particularly with those hours/distance from living space it's bound to be a bit hard on. How far are your halls? You could probably walk it quicker than that bus in rush hour. That, or learn to cycle.
A) It is a theoretical degree, so yes, there is lots of theory. There should be a good few hours of practical work though, which is training you up into doing Chemistry in a lab.
B) To actually get to the point of useful Chemistry you need the fundamentals - and that's what your degree mainly is. It's not until further down the line will it come together.
C) If you are going to stick it through - considered an industrial placement? Spend a year using Chemistry in the real world. It may be related to some area of your degree (i.e. a pharmaceutical company will expect you to be well on top of organic synthesis) or it might not (I worked in part of the polymer industry, and I hadn't really studied anything polymer related).
What other stuff have you done? You must be doing some segments of organic/inorganic as well. I loathe Physical Chemistry, and whilst quantum was okay, I certainly have no intention of doing anything much with it. See, now i'm fourth year, most of my lectures now quote stuff out of journals and discuss things either that have come into use, or are known to me, or sort of... interesting research which actually has application.
Have you done much lab work yet? I didn't like it in first year, although really got into second year. It's at least something more hands on.
You'll probably find you dislike a good third of it, but everyone often does. Deep down... you're not an organic chemistry, or you're not a physical chemist, or an inorganic one. You tend to learn that quite quickly
Have you spoken to your tutor? Let them know, and arrange another meeting with them before Christmas, and see how things are going. They're pretty used to this, so let them try and help, or if anything, they will be an ear if you need to vent.