This is a great piece of software, I haven't used it for many years now though but I hear of the improvements made and I wish I could grab that student version just to mess around in it and see what has changed first hand.
It's really good for intro video creation, visual effects and animation :P I prefer Maya for that but this would be my go to application if I didn't have it or couldn't get it for whatever reason.
Any student out there that is interested in getting into 3D, I suggest you grab this!