The life here is pretty simple, and the city at the moment is not overflowing with tourists. Their tourist season starts at the end of June. We were here right at the beginning of it, and the weather is still pretty wet with rains, but the temperatures are high and the air very humid. It was a good time to go as the Azores are a hiking, or nature exploring island and we never were too hot.
Ponta Delgada is well connected to other cities by buses, but the best transportation is a car. So if anyone decides to visit this beautiful land I would recommend renting one, or paying extra money (although not an outrageous amount for tour bus).
As for the living arrangement we found an affordable apartment right in the middle of Ponta Delgada, it is walkable and convenient everywhere. http://azoresrent.yolasite.com/ - apartment http://vimeo.com/18572417