Hey, I grew up near Farnborough (the nicer part of Hawley) and I now live in Newbury so might be able to help!
Moved here due to convenience of getting to work for me and my wife. I've lived in Reading, Oxford, and Crowthorne and although there was more to do in the former two, I do like Newbury. Nice location, quite rural yet great trains to Reading and London. If I ever have to work the odd day in London, I always get a seat on the train.
I like Newbury's independent pubs and restaurants (great places to eat), markets which are regular and have decent stalls, and the cultural stuff on offer at the Corn Exchange and Watermill. There are things I don't like, e.g. our MP Richard Benyon, but those things don't make me want to move.
I'm bringing up a family here and it's great for that - good schools, but seems like plenty of things available to keep kids occupied.
Let me know if you want more info. I'm usually the guy at my work that promotes the positives of Newbury, and I like acting as a local guide for foreign colleagues who are moving here.
Didn't realise there were so many West Berks forum members! Interesting Newbs fact - Insomnia started as a LAN event at the racecourse.