Every school has things that the alumni, students, and fans are proud of. Most also have a few things they would rather leave in the closet. What do you feel are the best and worst things about your school?
I'll try Wichita State, because I know the most about them.
Best: Urban environment + Business/Engineering schools
Wichita State has a big advantage over the other Valley schools because of its urban nature. It has its negatives, but it does provide ample opportunity to attract fans, and just as importantly, donor money. The main beneficiaries have been the Engineering and Business programs, which are very strong (especially Aerospace Engineering). Students get both high level teaching and the ability to interact with companies like Cessna, Boeing, Hawker Beechcraft, etc. I think a lot of the University's success comes from the environment and the sponsorship that is available in an urban setting.
Worst: Location
The biggest downside to Wichita State is its location. It is basically surrounded by the ghetto (at least, west of Hillside), and the area around the university has a very high crime rate for a small city. This is compounded by the low amount (and quality) of student housing.
Additionally, Wichita is in an inconvenient spot of the country. With no other major cities near by except Kansas City and Denver, it feels isolated at times from the rest of the country. Rumor has it Wichita became the air capital of the world simply because the people living there couldn't escape fast enough by car.
Also, Wichita State doesn't have a lot of space to expand because of the city/ghetto around it. The only really logical thing to do is build over the golf course on campus (and buy the golf course nearby), but will likely be a decade-long, very expensive project. Either way, the campus doesn't really have much space to expand, to build a new football stadium for example.
What about the rest of the Valley? What are you proud of and what do you regret?