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The moon isn't too rich in breathtaking views and beautiful flora and fauna... not to mention the lack of oxygen :P

Isn't the view of Earth breathtaking?

I guess the argument is that you can see that from space anyway.. But The view of Earth from the moon would be better than any hotel on the planet!

Freespace is easier to get to and from, and offers full-g, zero-g and everything in-between.

Freespace also can offer low data latency -- low-enough even for realistic telepresence (e.g. sub 400 ms) (http://www.google.com/search?q=%22400+ms%22+conversation+lat...).

The moon probably would not be very popular, except for mining crews.