PwarYuex i disagree with you completely about mac law being hopeless, although that's not the first time i have heard that. it was definitely one of my concerns, and is sometimes raised in tutes - whether mac focuses on the theoretical at the expense of the practical. in my experience they do quite a good job of covering both.
my experience of macquarie law has been wonderful - many of my tutors have written their own texts, which have a strong substantive focus while posing the occasional theoretical question. Generally assessment requires a sound knowledge of the relevant law as well as its jurisprudential, social and political basis - which can be of great use when contemplating where it will evolve from here - a good thing to consider in the age of the statute.
i started in 2003, so i know they've added 'law, lawyers and society' now which may make first year quite theoretical (our only solid 'theory' subject was jurisprudence). later subjects, however, have a strong substantive focus - it would certainly seem no less so than my brother's uni (sydney) from what i've seen of his materials and assignments.
anyway, back to my massive companies and securities law text. crapload of substantive material in that (shudders)