I guess my first post really didn't answer any of your questions, sorry.
I personally love Nassau, the people are polite and friendly. The history is cool (pirates), the food is great, and there's lots to see and do, like restaurants, museums, forts, a zoo, lots of beaches, and if you're travelling with kids, Atlantis is tough to beat. I'd recommend renting a side by side for a few hours, and just ripping around the north shore area, the forts are close, and there's plenty of places to stop for a beer/cocktail and snacks. If you don't want to drive, you can hire a taxi for several hours, for pretty well the same cost, and they'll be your private tour guide. Make sure to check out the Queen's staircase and Fort Charlotte.
If you don't like crowds or pushy salespeople, avoid the straw market, if you can handle it, take a walk through, there's some pretty cool stuff to be found, and remember, you can barter.
My number one recommendation, no matter where you stay, hit a gas station outside of downtown on your way in, and load up on water. As soon as you get into downtown or to a resort, water is pricey ($3.50-$5.00USD for a 500ml Dasani). Not to mention most resorts charge 12% Tax + 15% Gratuity on everything. Outside of the tourist spots and resorts water is reasonably priced ($1.00-$2.00USD/bottle). Same goes for Beer and Liqour.
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