I transferred into UVM to get into a smaller atmosphere with a smaller student to teacher ratio, and it was everything I hoped it would be. UVM is a very small-school atmosphere for the most part, and in the world of student activities, it's easy to be a big fish in the small pond. It's not the most academically rigorous institution around, but it's certainly not lax academically either.
It's a great atmosphere, a good academic environment, but the university itself can be a bit lacking in some areas - the technical infrastructure of UVM is very behind most comparably-sized universities, and many IT services are clunky and require entirely too much technical knowledge. I guess that biggest downside to UVM is the university bureaucracy, and its failure to compare to similar schools.
But if you're looking for a good academic experience in a small atmosphere in a great town, I would recommend UVM.
A few tidbits that might not be in the manual: Food on campus is about 2x its normal price; everyone in the university has to take two gym courses; skiing can be one of those gym courses; the dorms at UVM are dry regardless of age; surprisingly few UVM students are involved in student clubs.