lawyerdad
Lying Dog-faced Pony Soldier
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Culver City is a new hot spot - lots of great new restauants and a Gallery Row at La Cienega and Venice with some very well regarded galleries. About once a month there are mass openings at all the galleries and these are fun social events and tend to be very well attended. I don't know the residential side of Culver City very well, but it should be more affordable than Santa Monica. I also would like that you're better situated there to go to Hollywood or Silverlake or Downtown - you'll find that most of the L.A. nightlife is in those three areas.
I generally agree, and I'm a big fan of Culver City (I live just a bit north of there). My only concern would be that the north-south rush hour commute can be a bit ugly. But you'll be close enough that it shouldn't be too much of a problem. Santa Monica and Brentwood are definitely doable, as someone else said, as is Westwood.
I take it you're thinking of renting an apartment apartment rather than buying a house? There are lots of decent rental options pretty close to where you'll be working.
And to again echo what's already been said: you don't want to live in one of the big towers in Century City (where I happen to work). There's no residential life to speak of. It has a business/professional population and a soccer mom shopping population at the Century City mall.