I actually think that's a better system. I wish I'd had a couple more years of general education before I'd chosen my majors/profession, I think I would have had a better idea of what I actually wanted to do and not wasted time and money chasing something I eventually realised I didn't want to do. And it would've been cool to study some arts subjects like a language, history, politics, literature, etc.. instead of just maths/science...
I like studying/learning for its own sake though, a lot of people just wanna get their qualification ASAP and get a job... in that case the European/Australian system would be better
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