Well that's something I've never experienced before. In the schooling systems I've been semesters are normally split into 3 or 2. A quarterly semester seems too short to really get anything done. Assuming 2 months off for summer, you end up with just over 2 months per semester :x
Dude, I don't have exam week. I'm on quarters so I take 6 classes a semester with each semester broken into halves in which I take 3 concentrated courses. I have about an exam every 2 weeks but they are non-cumulative and only 50 minutes. It can be hell sometimes but it is pretty cool too.