Could not agree more. Having lived and worked in Singapore (and Zurich) I can honestly say that for the vast majority of people it is a great place to live. Singaporeans and expats all acknowledge that yes, it is more strict than the US or Australia, but unless you enjoy things like vandalizing cars, selling drugs, or stealing street signs you can live exactly how you like, with the added peace of mind of knowing that you have a near zero chance of being the victim of violent crime.
I am guessing (perhaps incorrectly) that most of the people who talk about what is "wrong" with Singapore have either only been there once for a few days or have never been and only base their opinion of the place on the story about the American kid who got caned.