YES! VBAC IS AWESOME!!!!
I had a c/s in august 2008 with my son after being induced and pushing for over 3 hours. He was posterior and VERY stuck behind my pubic bone and started showing distress.... so I had a c/s. IMO, it was an awful experience. I was really sad about it for a long time.
Then, in June 2010, I had a totally intervention-free hospital VBAC with my 9 lb 8 oz baby girl! It was literally the best experience of my life. I labored at home for 12 hours (about 6 hours of active labor) using Hypnobabies and then went to the hospital at 3am. When they checked me, I was 9.5 cm! I pushed for 45 minutes and my baby girl (wet and slimy) was out on my chest. I felt euphoric! It was so awesome. My recovery time was so much better, too. After 4 days, I felt "normal" vs. about 4 weeks with the c/s.
If you do decide to VBAC, I recommend having a very supportive provider. I had an awesome certified nurse midwife. Also, look into natural childbirth prep classes. Having an epidural increases your risk of instrumental vaginal delivery (forceps/vacuum) and/or c-section. I took the hypbobabies home study course (you can order it online) and it was GREAT. When I went to the hospital at 9.5 cm, the unit clerk checking me in didn't even think I was in labor! I had a very comfortable labor and birth because of the deep relaxation that it taught me.