Speaking as an Olin student, I have to correct some of your points.
#1: We have a student-faculty ratio of about 3:1 right now, which is one of the best anywhere (these are faculty that actually teach, as opposed to only doing research.)
#2: We don't offer chemical engineering as a major; if we did, we'd have more faculty devoted to it. In Mech. E, which we do offer as a major, we have 3 full-time professors. For ECE, the figure is even higher.
#3: Olin won't require its students to take a separate chemistry class, since most engineers don't end up using it anyway. It'll be combined with Materials Science, which is useful.
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Speaking as an Olin student, I have to correct some of your points. #1: We have a student-faculty ratio of about 3:1 right now, which is one of the best anywhere (these are faculty that actually teach, as opposed to only doing research.) #2: We don't offer chemical engineering as a major; if we did, we'd have more faculty devoted to it. In Mech. E, which we do offer as a major, we have 3 full-time professors. For ECE, the figure is even higher. #3: Olin won't require its students to take a separate chemistry class, since most engineers don't end up using it anyway. It'll be combined with Materials Science, which is useful.