Thanks for the update. I moved your topic here as I think it's more appropriate.
I would say it's much better to live around Tel Aviv. Eilat is very far away from everything else and is much smaller than Tel Aviv. In Tel Aviv, you'll have access to beaches, nightlife, and basically just more of everything. There will be more to do when you have time off, and you'll be nearer to your friends from the army. And don't overlook the fact that normally it'll take you a lot less time to get home on weekends and take less time to get back to base, so your weekends will be a bit longer.
Mahal Nahal March '04 draft