I actually really dig the song. Realistically, it's a middle of the road Bon Jovi song, but one that I do find myself rotating in my listening a lot. Like Javier, I find I can relate to the lyrics a lot, especially the bridge, especially relating to college life and such.
As far as live goes, I could live without hearing it many more times, but I do enjoy it live. Especially the slightly more "rocked up" arrangement.