Well to be very honest I don't think you need an ambassador to tell you that MIT is NOT a party school or a fun school. If you want a party school, go to Kellogg(no offense to partying or Kellogg), but Kellogg throws the best parties, as friends have told me.
MIT of course is very rigorous academically, and the fact that they allot TA's and RA's(Teaching asst and research asst, to the laymen:) proves that they approach the business school system different from pretty much any B-school out there.
The Asian thing...again...no surprise...a school which places a lot of emphasis on Math and Finance skills...who do you think would be there?
I've heard from many Sloan alums..that Sloan is NOT the place for everyone...it is very unique and very academic. You should have that bent of mind to go there and you'll like it. Else you will regret it.
I do disagree with his portrayal of Boston..it is the most exciting city in the US if you ask me...plenty to do, close to almost every major east coast city and Montreal....I love the crowd there...definitely a notch above the rest of the US..maybe that's why they get dissed by everyone.
good luck