Note to self, don't read something that packed with fluffy detail really late at night...I just re-read the article at lunch and I have few complaints. If I was going to pick on one thing, I wish they had spent a bit more time detailing adventuring opportunities within the city or its immediate vicinity, the short hooks at the end were nice (as were the rumors), but the little of the preceeding material really links to it much. That said, I'm not sure exactly what I would sacrifice out of one of the longest articles to appear in 4e Dragon (and I'm sacrificing all the local color, like the bit about the eels, perhaps my favorite factoid in the article).
There was something that struck me as I was reading this FR article, while wizards were mentioned a couple of times, some of whom seemed to be somewhat powerful, there was a decided lack of archmages roaming the streets of what has to be one of the biggest cities on Returned Abeir (no high level clerics either, but then Abeir hasn't had much contact with the Gods lately). That's a bit weird to me...I like it.