I live closer (~20 min drive, ~40 min bus), and go back and forth on it. Sometimes the convenience and 2x speed of taking a car seems better, but sometimes the "don't have to drive it" aspect of the bus seems better. I definitely get more reading done on days when I take the bus: it takes 40 vs. 20 mins, but that's 40 minutes in which I can read a book. I guess I could do 20 mins of a book on tape in the car, but I hate taking in information via audio, so I just listen to music instead.

I live without a car and hope to never go back. I currently live in an apartment in the 'burbs and bus service sucks and the number of stores/amenities nearby is limited. I am currently researching what it will take to buy a house in a more walkable neighborhood. Even with the constraints imposed by my current location, for me, living without a car has been wonderfully less burdened and more relaxing than living with a car ever was. (Of course, I hate driving and always have.)