yeah i suppose this is true, but still having a garenteed pathway is much nicer since its easier to get into grad courses (you have to maintain high averages and such anyways). i guess you are right, but with some courses like med grad its extremely competitive and having the garenteed gives you an advantage - maybe its just for med wannabes like me, but its such a good opportunity increasing your chances.
I was under the impression that there wasn't any guaranteed entry to research doctorates at Melbourne, only the professional ones (MD, JD, DVM, etc).
Either way, I want to go to an American university, maybe MIT/Caltech/Harvard etc for the doctorate so the guaranteed entry doesn't really help in that regard.