Newport, RI - good 2nd home destination?

I'm not entirely sure how it's held up over the past couple years, but I imagine pretty well as it has two things going for it that the Hampton's don't: a captive rental base because of the military base and Salve Regina university (in fact most houses are rented out more than a year in advance for the Sept - May period), and a limited amout of space that is largely already developed. There have been a few new condo developments over the last few years, but for the most part the housing stock in Newport proper is fixed. Would be interesting to see how RE has done there in the current market.