Yale also does academic advising by residential college, or at least used to. The whole system is different, though, because unlike Chicago Yale uses faculty as advisers, and does not have a staff of dedicated advisers. When I was a freshman, my adviser was one of the university chaplains. He had seven or eight advisees in my class in my college. When I declared my major, my academic adviser became a tenured faculty member who was a fellow in my college and advised everyone in that college who had my major. (It was a relatively small major. Large majors had multiple faculty members per college as advisers.)
One issue Chicago is going to face with the new system: There was a wide range of ability, experience, and dedication among the advisory staff when my kids were there. Some people were thrilled with their advisers, and for good reason. One Chicago parent formerly on CC credited his daughter’s academic adviser with leading her step-by-step through the process of obtaining first a Goldwater and then a Rhodes Scholarship over the course of 3+ years. Neither of my kids ever had the same adviser for more than a year, and neither ever had an adviser who had more expertise than having read the Core Curriculum requirements. Good advisers vs. bad advisers will become a real point of difference among houses.