students will get right to their research once they're not teaching/in classes. So the students and professors would alternate on which semesters they'd be active in and which ones they'd research in.
My concern is just the size. That's a ton of people to cram into a couple of acres. It might be alleviated if the full number is spread somewhat evenly between semesters.
I tend to like the student body where it is though. Competitiveness does increase the profile of the university