Here's an interesting article, a libertarian take by a guy (Doug Casey) who lives there part of the year:

He's mostly negative on it, but ends like this:

"I know I’ve sounded quite negative on Uruguay. On the bright side, it’s peaceful and pleasant. And there’s not a bubble in property, as there is in most of the world’s first-rate cities. But, frankly, there is no perfect place in the world. That’s why, if you can afford it, you want to have comfortable digs several places in the world…"