An interesting idea, alright.
Works as a "best place to live" concept - i.e. type of street, community etc, but not as a location.
Location is totally subjective and it always swayed by where you grew up, where your family/friends are, where you work, and so on.
Ah yeah....but there's nothing they can do about that.
The emphasis on community is important within the discussion.
Even within the small area that I live in, for example on our street everyone knows one another, there a lot of kids, we've had street parties in the past, we all go to the St Patricks day parade together and so on.
Two streets away in the same estate, a guy I know has had desperate trouble with his neighbours, cant wait to get out of there.
Its a fragile thing, 'community spirit'.....I remember a guy saying to me once that the only reason he brings his kids to mass was that its the only occasion, in the part of town he lives in (Cabinteely I think) where they can meet other people from the area. Having grown up in the country, I just find it bizarre this notion of people not knowing who their neighbours are in Dublin. But its the way things are.