Never been myself, though have friends who used to go regularly: it was a week before another festival I used to help organise, so couldn't find the time off to come!
Between 2000 and 2006, we had "Both Sides the Tweed" festivals in the Scottish Borders (moving around various Borders towns). The final one was in Selkirk: they still have a "Selkirk Sessions" weekend in early October which has effectively kept the whole thing and the music going: no concerts or booked artists, but a weekend of pub sessions. And Innerleithen, where the first 2 were held, started their own festival in mid-August after Both Sides the Tweed moved on to Eyemouth.
So I'd say "go for it"!