The boatrace.
Oxford
The first Oxford and Cambridge boat race happened 157 years ago
Cambridge was established in 1209 by a bunch of scholars who left Oxford.
You can take the X5 from the Glouchester Green bus station in Oxford and it'll take you to Cambridge. It's about 2.5 or so hours.
Oxford-Cambridge Boat-Race - 1899 was released on: USA: April 1899
Oxford and Cambridge Boat Race - 1908 I was released on: USA: May 1908
Cambridge
The University of Oxford and the University of Cambridge. Along with the universities, both are large cities with tourist attractions, shopping, restaurants etc.
Everyone will have a different opinion on this. I personally prefer Oxford, but only because that is where I live How right you are - I am a Cambridge man myself!
Cambridge was founded in 1209 (it is celebrating its 800th anniversary in 2009). Oxford was founded a little bit earlier though the exact date is unknown. Cambridge was founded by faculty from Oxford who realised they could do better and left. All the Oxford colleges (what make up Oxford University) were founded many years after the founding of Cambridge and are thus younger than Cambridge University. The University of Oxford is the oldest English-speaking university in the world.
Oxford and Cambridge University
At Mortlake