Having lived in places with OK (SF) or good streetcar service (Berlin, which is a nice A/B test case with East/West Berlin) I am a huge fan of streetcars.
But my understanding is that in general the streetcars never made money in suburban developments. What I remember reading (on HN first!) was that they were deployed in early (post WWII) suburbs to entice urban people to move to a suburbs, but were operated at a loss. When the town eventually had to take them over they shut them down.
Does the economics really work out when you don't have urban density?