I actually think this is a great thread idea, and would love to hear some input from others who have gone through it.
My main advice is to start early. Credentialling (sp?) takes a while, as does getting through the state license paperwork. Some states even make you appear in person to their medical board before granting a license.
Do you want to work with residents at a teaching program or are you looking for a community hospitalist? Any family or friends working in that area?
It might be worth calling the chief residents at the program you're looking at (or in the area you're looking at) to find out what hospitals are there and which ones are good. Chances are the house staff is in the know about these types of things. I haven't tried this myself, but it may be a place to start.