It depends on what you want out of your degree. I'm second year LibStu, and the way I see it the degree is set up to produce an army of internationally employable psychologists. Being a glorified arts degree, most people tend to choose psych as their science major, and the way the compulsory subjects are organised, it really nudges you into majoring in your language.
Gloria is more or less right on in her assessment, if a little passionate and fatalistic - this degree will do that to you. But yes, if you already have knowledge of a lote, don't mind spending two years instead of the barely sufferable one with first years, want something a little more fancy than just "Arts" or "Science", don't want to lock yourself into a profession-based degree and don't mind attending your friends' grad ceremonies while you are still studying your final year which, incidentally, only qualifies you to spend a few more of what are supposed to be the best years of your life at university, then by all means go for it.
The thing it has over the Arts/Science degree, and the reason I believe it is harder to get into, is that it is (potentially) completed within four years rather than an excruciating five.
The maths thing - pretty much every science degree requires at least 12cp of junior maths - four subjects from a choice of four. Not exactly much of a choice.
The English thing - conspiracy (see reference to army of internationally employable psychologists above).
It looks great on paper, I will give it that. In fact I think we might rename it communism.