I can only comment from a customer point if view. My two closest LQS are both a 40 minute drive. After seeing their prices I have to say I mostly shop my designer fabric online. With frequent discounts like free shipping it works out cheaper and I saved the travel and browsing time. I currently have 4-5 projects to start. I can also download lots of free patterns but seem to stick to my tried and true favorites. Still if you are willing to factor in everything it sounds like an exciting idea.
