Indeed they do! I've spent some time driving in Sydney and Melbourne, and although their traffic is heavier it flows much better than in Brisbane. Contrary to the earlier post, traffic here is hideous, especially when you consider that Brisbane has a much smaller population. As far as road surfaces go, ours aren't great but they are improving, slowly! Except for Toowong, it's still atrocious
Other than the obligatory whinge about traffic I'm pretty fond of Brisbane. I like the "big country town" feel (though unfortunately town planners saw it that way for a while there too), and with the exception of a few stiflingly humid days we have a great climate. We're close to a lot of nice beaches, close to some nice inland mountains, and if you know where to look there are some nice cruising roads. We have some decent racetracks, though you'll need to travel a bit. There's plenty to do unless you're still in the "zomg must party for days" mindset.
In response to a post above, if you're worried about your kids' education then, as mentioned, simply be selective about the school you send them to. You always have a choice, even if it means a bus/train ride or a longer drive. In a perfect world all schools would be excellent, but they're not, regardless of state. Sydney newspapers are sold here because it's a hub for commercial and financial activity, not for a lack of anything newsworthy on Brisbane's part. I've seen Brisbane newspapers sold in Sydney newsagents too, so what?
But yes, I really like Brisbane. It has its problems but for me, they are far outweighed by the positives.