Albuquerque is not too bad, but I probably wouldn't put it in the plus column, personally.
OK, for those interested, here is my take on living in the city of Albuquerque:
PROS
-Housing is still affordable (especially compared to California, Las Vegas, Phoenix) with lots of new developments and beautiful homes to choose from
-Many outdoor activities - hiking, mountain biking, rock climbing
-Mild climate year round with the sun out most days
-Traffic is improving because of responsive city government
-Interesting mixture of cultures (Caucasian, Hispanic, Native American) that merge well
-Strong technology base (Intel, Sandia Labs)
-Santa Fe is an hour away, and has great cuisine and shopping
CONS
-Crime, including lots of gang problems, especially south of Central Avenue
-Public schools are largely mediocre, though there are a few excellent standouts in the good neighborhoods
-Far from other big cities, with Phoenix and Denver the closest (6-7 hour drives)
-Rural and poor state overall, so there are the expected money problems
-It's the desert, so gardening and outdoor water activities are limited
Let me know if you have any more questions....