University would be good if it means we can start half way up the career ladder for certain careers. It would be nice if it has more options that sims 2 - so we can major and minor in particular subjects, and what subjects our sims take effects how far up the career ladder they can start in different careers.
Edit: From the announcement:
The Sims 3 University Life opens a new chapter for young adult to elder Sims and anyone in between. Once a Sim is enrolled in university, they will pick from one of six majors and work towards earning a degree. From class activities to major-specific objects, The Sims 3 University Life will poise Sims for multiple benefits in their careers, including accelerated pay, higher career entry, new opportunities and more.
So that answers that