Definitely. I actually even prefer to live close enough to work to bike it, where transit is just a nice backup. I used to commute to the city from San Carlos on Caltrain; it was kind of nice actually (helps when your office is next to the caltrain station).
Most of Europe (and some of Asia) is beautiful with respect to transit, density, and quality of life. I hope we (as a country) move in this direction, but it really requires a change in our value system.
I think even our transit-oriented development has messed up value systems. Look at the new Silver Line in DC. Totally pedestrian unfriendly and intimidating. You can't build highly accessible, integrated neighborhood transit around 50' high platforms surrounded by a 3-lane each direction highway.
Most of Europe (and some of Asia) is beautiful with respect to transit, density, and quality of life. I hope we (as a country) move in this direction, but it really requires a change in our value system.