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Edenton is a beautiful town. It went through a really bad period several years back during the "little rascals day care" scandal. Put Edenton on the map in a very negative way. If I recall correctly the owner of a daycare was convicted of child sex abuse but later exonerated? Big national scandal.
That being said Edenton is a great old south town in a great location. Its proximity to the Hampton Roads metro areas as well as the Outer Banks give it a real boost.
It was a very sleepy laid back town years ago...not sure what it is like there now. I used to daydream about moving there when I was just out of college.