We also live about an hour away.
DVC has far exceeded our expectations. But we use our membership much differently than most.
We joined in April '97, and have made over 40 reservations since then. On average, for 2 nights at a time. It has been WONDERFUL!! The DVC resorts make GREAT getaways from work! And, living so close, you can be SO much more flexible with your dates!
We've sent my parents, my husband's parents, my sister-in-law (for her honeymoon to San Francisco, White Swan), my sister and her husband, my boss, a co-worker, my niece, my nephew, and my aunt/uncle, all over several times! A one or two night stay makes for a GREAT birthday or Christmas present. For my (argh!) 30th birthday last year, I got a GV and 2BR at OKW for Memorial Day and took all 12 of us over. We did the Illuminations cruise and had a nice dinner. I couldn't have had a nicer birthday!! Without DVC, we could have never done something like that!
So, yes, for someone that lives so close, I think you'll REALLY enjoy your stay. We've stayed at all the DVC resorts several times each, and have also done the cruise and used the CC for Grove Park Inn in Asheville, NC.
As far as the home resort, you WILL have more flexibility living close, so you may be able to work with buying somewhere other than where you (primarily) want to stay, but I wouldn't recommend it. If you ever want to book during a peak time, you may need the 11-month window.
Good Luck with your decision -- you'll really enjoy it!
<img src="http://www.geocities.com/dvcmbrokw/BethScottDon.jpg" height ="95" width="75">
MVMCP, 2000