If you are looking for a place where you will be surrounded by people who are very academically-oriented, but also incredibly excited by learning, Chicago is a great place to go to school.
"Horror stories" that you hear about any school always have a grain of truth, but are always exaggerated and generally untrue. The U of C is known for its grade deflation, but it doesn't bother a lot of students here (frustrates some, certainly) because most students here come to school in order to learn not to get all A's all the time regardless of how much they've learned in a class. The slogan you always hear at U of C is "If I had wanted an A, I would have gone to Harvard!" Students here are NOT "grade whores" or "nasty" and it is definitely NOT a "dull place," especially for students!!
Students at UChicago love the school. Not every student loves every school, but it really seems like students here do love this school very much. We love the Core Curriculum, the housing system, the professors, the beautiful campus, the proximity to the city of Chicago, the arts and music that go on here, the great lectures, the traditions... everything is great! It isn't a school for everyone, but it you fit in here, you will like it!