Love it, Austin is such a great tech bubble right now, this will just continue the trend for a long while, they picked a great spot to do this (mainly because I live in Austin, lol)
All the things you mentioned are pretty bad in California. Public education is terrible, traffic is outrageous, there is a huge immigration 'problem', and the forest fires are pretty bad. To each his own but Californian leadership isn't really that great.
I just can't decide who is worse Perry or Brown.
They are constantly bitching that Texas isn't California or NY.
130,000 people are expected to immigrate to Austin in the next 2 years. Insane!
I actually favor more open immigration, my grandparents were some of those mexicans who came illegally and had a great life.