The advantage of the BCom is that you can do a fairly general first year of study, and specialise after that once you've found what interests you (exception here is actuarial studies, you must plan your course from the start if you want to this major). Your breadth subjects will allow you to experience other disciplines of study - however I have found they often end up being quiet limited (for eg. if you major in accounting you must complete 3 compulsory law units to satisfy postgrad accreditation, leaving only one or two breadth subjects available to choose other 'areas of interest').
In terms of what I specifically like about the BComm... Parts of the course I definately find challenging and interesting. There is a large focus on employment opportunities after you graduate, ie employment fairs, bbqs etc etc. You're done in 3 years and are employable. That is, you don't need a postgrad degree to get a job.
Dislike hmmm... No offence intended to anyone, but I suppose I find the lack of local studends a bit of a disadvantage in that it's sometimes hard to find people I share common things with. Having said that, I've met some of my best mates in my course so it's not impossible. The course material can be dry at times, especially with all the introductory units you have to complete. Virtually every subject will have an end-of-semester exam, usually weighted pretty heavily (70%+), unlike other faculties.
As far as the Melbourne/Monash debate goes, I won't get into that too much. They're both very good options, and will give you every opportunity to achieve what you want. People generally give Melbourne a slight edge in terms of 'prestige', but in the end it's really insignificant. From personal experience, Melbourne and Monash BComm's are regarded pretty much equally in the business world - so just choose whichever feels right/caters to your needs more (they are slightly different).
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