No. I like the Anglo-American campus-as-community “academical village” model. It’s appealing and has a mythology that actually attracts international students who won’t find it in their home countries. I also value the liberal arts college concept, which is not possible in the no-frills mode.
Oxford and Cambridge, with their tutorials, residential colleges and JCRs (even if many students aren’t actually living in college), are pretty different in feel from the standard European urban commuter university.