i'll agree that it's definetely not anywhere close to those of the elite schools in the country (ucla, duke, carolina, indiana, kentucky, etc) but i cant think of a school with more tradition in the tri-state area. i will agree some with you, randomhero, in that the tradition is a bit overrated.
p.s. oldred, the media guides (like your "opinions") are of course going to be slanted towards st. johns in order to hype them up. the people that put together that book will pick out any little detail to put in the book that wil make SJU look elite. media guides and yearbooks can be as much of a recruiting/good press tool/hype machine as it is a source of information.