Not a student but I can answer some of your questions...

They have, what they call, vertical studios, which means (and someone correct me if i'm wrong) that the first 2 years of the first professional M. Arch are with the 4th and 5th year of the 5 year B. Arch students. Then you have your advanced studios where you "pick" or rank preference in which studio you want.

There is a pretty extensive wood shop, some metal shop capabilities but I don't know how accessible the metal shop stuff is at the moment.

Just to complement tagalong's note, M. Archers with a 4-year architecture degree also have to take at least 2 semesters of the vertical studios before the advanced studios. So, it will be a mixed bag of 4th/5th year B. Arch, M. Arch with no background, and M. Arch with background

What is the competition like in the studios, nevermind getting into the school? I think I might be too old and out of school too long. lol.

I'm a current student.

Vertical Studios are not with undergrads.

vertical studios are grad students only-you take 4 of you have no background, 2 if you do and place out. In the vertical studios, there are usually between 6-7 offered each semester and there is a lottery to get these which is held the first day of classes. There's usually a really good selection and something for everyone.
The last 3 studios (you take 7 total or 5 if you are receiving credit for already taken) are advanced studios, also done by lottery. one of these will be tech com-which is usually majority grad student, the other two are your choice and again there are many options-last semester there were 10 offered. there are undergrads in these-they are 4th and 5th years, but you end up with a mix of grad and undergrad in the class. Usual studio size is between 11 and 14.

There is an amazing wood shop. Metal shop is limited, but I think there is one across campus in the art department, though I never did use it.

Any other questions? i just graduated from there...let me know what you want to know.