Life story? I went to a very untraditional undergraduate liberal arts college (Hampshire) where there are no tests, no grades, and everyone must complete a series of projects in order to graduate. I didn't study literature explicitly -- I wrote my thesis on cyborgs as a metaphor for existence in the 21st century, which is the primary reason I applied to UCSC in the first place. I imagine I'll have a bit of access to Donna Haraway, who teaches in History of Consciousness, and that's helpful. I would have applied to both Literature and HistCon, but most UCs don't let you apply to more than one program per school and HistCon only had 3 spots this year, so I went with Literature. I'm actually glad for it (mostly because I got in) because it seems like Literature allows you to basically study what you want (for me, Body/Subjectivity, Kinetic Movement and Experience, Virtual/Actual) but trains you to be a "Literature" professor in the meanwhile (Postmodernism, Science Fiction, 20th Cent. French, 19th Cent. Italian, etc).
This is probably cause for more discussion. UCSC is interesting because Literature is ambiguous, as I said before, like they squashed English and Comp Lit together and decided to sprinkle some media and culture studies in there (garnished with your Marx, or perhaps the cooking metaphor should end. Yes, it should.). I was also a bit dismayed by the lower ranking than expected, but I also recognize, having gone to a school like Hampshire, which ranks 100+ every year even though I'm confident it is ultimately and interesting and intellectually stimulating place, that the rankings use very straightforward methods of placing schools -- to the point that they can be totally inaccurate. Obviously, getting a job with a PhD from Harvard, Yale, Columbia, or Chicago is much easier because of the name, but being confident in a cool or interesting project at a school that actually lets you embark on such journeys (and funds it) is maybe more worthwhile. In the end, you'll have truly original work to speak for you, or at least that's the idea. And since we're all trying to be literature/english/comp lit professors here, I'd say stay young and don't get into debt. Santa Cruz offered you funding (right? three years or whatever unconditional?) and they want you (we're two of 12-15, and 10% of the pool)... they're willing to spend the next 7 years with you. And who wants to spend 7 years in a traditional program and then teach in one for the rest of their lives anyway?
That's not really a life story, but I'd happily share more.
Unfortunately, I know nothing about Santa Cruz's library, so I can't really comment.