I don't live there, but I'm there every other month...I leave Monday for another trip.
I enjoy the time that I spend there, but I don't think that it would be my first choice as a permanent home. I love the laid back attitude that prevails, Sanibel is a 20 minute drive, and the Barbara Mann Center has some great shows. The news (almost all weather) would drive me nuts, I would tire of chain restaurants pretty quickly, and I'd miss Nordstrom's (Bell Tower just doesn't do it for me).
There are some very nice newer neighborhoods that have been built, but some of the older areas have grown pretty shabby. I've also heard the schools aren't the greatest.
Good luck with your decision!