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I experienced the same transition you are but at an earlier date, as I started working in web development part time during school. I couldn't agree with you more though, you'll never get the same experience from a classroom as you will getting thrown into a real business somehow.
By simply being there, you'll learn things whether you realize it or not.
2.) This is something I've been thinking about a lot lately. Not tending bar, but what we learn about in higher education institutions. Aside from my consulting courses where I did projects for big companies (i.e. Apple), I don't recall a whole helluva a lot.
Sure there are times where something comes up and I vaguely remember something from a class, but the longer I'm out of school, the more I think that colleges should be doing a better job of teaching us both HOW to think and find what we're looking for and then also uber specifics like how to fill out a W9 form.
Glad you're enjoying ChiTown. Kingston Mines, do it!
As seems unanimous here, you learn by doing. As you transition into the corporate life, you'll learn and grow by leaps and bounds (I know because I was there only a year ago). You'll find out what you're good at, what you like (and don't like) and a year from now, who knows where you'll be!