Absolutely! When you start approaching cities with large populations 300,000+ in .info you really have a great development candidate. However I have seen those developed with smaller populations and even towns be successful. Historic towns are great too because you can get type in traffic that way.
Linking the page up with local businesses; restaurants, hotels, sports teams, etc. can be really lucrative for getting traffic. Advertising it through social media pages focused on the locale and locals listings like Craigslist and Backpage can be very useful too.
Besides that Google is putting more emphasis on local search as of late. I still have a lot of faith in .info geo's and I hope others start to catch on well. They may not have high resale at the moment but development can work.
I would love to hear more opinions.