I live on campus so I'm at the gym all the time. I can't really comment on price (res kids get a further discount than students do), but I pay $190 a semester approx. No idea what the normal rate is, but I know our discount is pretty significant.
I've never been a member of another gym before so can't really comment on it comparatively. I like it though, atmosphere is really nice, heaps of free machines and the classes are great as well. Agree with peak times though, generally 6.30-9am is pretty busy, as is 4pm-7pm. That being said, I've never had to really wait around for a machine to be free, but I mainly do cardio and not weights (machine weights are pretty busy at that time, I've noticed).