Haven't been to Austin lately, but this was my experience in Denver.

It felt... like everyone from the Midwest in their 20s had moved to a city, to live what they took from their childhood TV to be a "hip" life, which developers therefore supplied in the most cost-effective way.

Not to say that it isn't a hoot, or the food is bad... but it just had a "paint hasn't dried yet" weird new feeling to me.