In my experience, "Research universities" are a joke for undergrad students. All it means for most of them is that their classes will be taught by graduate students because the "professors" are too busy doing research to be bothered with such trivial work.
You need to be pretty lucky in your final years or actually going for masters or PHD to really be exposed to the research side of things.
It's a steal alright, but I cant say I agree with who is coming out ahead.