I was out in college, even though it was 1981-1985. Was the head of the gay student organization, helped to organize the first gay awareness week, etc. Was in a fraternity too. It was a typical fraternity, not a "gay frat" (no such thing at Colgate, then or now). The other out gay guys were not rugged, good-looking, athletic types - but if you stop to think about, you'd realize that in 1981 virtually no one looked like the guys on RealJock in 2008! And, while there were many men I was attracted to, the opportunity to cavort with them never arose.
Even so, by being out at a small college at that time, I was able to impact the lives of many people in ways that didn't become clear to me until I attended my 20th reunion a couple of years back. And, through those activities (the "hotline", occasional showings of gay themed movies, etc.) I made lots of good friends, several of whom I've managed to reconnect with recently through things like Facebook!
At the time, I was dating my High School sweetheart, and I still am! So, I have no regrets about anything that happened in college!