And even I would rather be living in Boulder than Austin...
The Rockies (not the baseball team), the weather, just awesome!
When I worked for American Airlines/SABRE, before kids, we would travel to the Denver area 3-4-5 times each summer. When it was 105 in Dallas/Ft. Worth, we would be waking up to freezing temps in the morning, and afternoons at 65 degrees, up near Copper Mountain, Frisco, Breckenridge, and we would even "day trip" over to Vail and Aspen.
It's cheaper to live in Austin. Austin has large chip manufacturing, Dell, IBM, and a number of chip companies with major sites there. The VC mood seems to be good (or at least until 2001) with start-ups.
Boulder has a HUGE IBM facility, but I don't know much more than that. The folks I spoke with in a Denver training class in 2002 worked at the IBM Boulder facility, and said that the cost of living was VERY EXPENSIVE.
So, if it were just about weather, I would definitely do the Boulder thing. But, when you factor in cost of living, the equation gets much more mirky.
Glen Austin