For me, there are definitely some books I would have lost patience with if I were reading it by myself, which I was lucky enough instead to be able to study. Some of my favourite books (like The Great Gatsby, for instance) are books I had to study at school or uni.
I don't understand what posters mean by the term 'bullshiting'. Is it saying things that aren't true? Because if you have enough evidence for your claims, I don't think 'bullshit' is a word you can reasonably apply to it. Is it making stuff up on the spot? Because again, if the evidence is there, what's so wrong with it? Why the negativity?
The reason why I liked Literature in school is because it gave you some freedom to respond to work by an author on a personal level. You didn't have to regurgitate a study guide, you were encouraged to come up with an interpretation from your own perspective. I think repeating in your essays whatever your English teacher told you to write a number of lessons ago is utter bullshit though. I don't see the point in study of that kind.