If you answer no to the last one you should read the Chaos Report.
(Which is a big part of the reason I choose to work as a coder ;)
I am saying that a top notch architecture school is much more demanding than an equivalent engineering school, from my experience. I say that having lived with ME and CS roommates, at U of Michigan, while I was in school.
Talking about aesthetics, Information Architecture, from the data model to business objects model (or what the users call the fields in an user interface), even the the names you give to the applications are a big aesthetic exercise.
An aesthetic exercise where you your audience is the business side, and you need to appeal to their comprehension.