Eden,
I think quite a few of the gentlemen here would love for you to cum... Errr... Come here.
To answer your questions, I'd say that it's a great place to visit, although you might want to talk to some of the providers here to get an idea on what business would be like. Hotspots... Would you be asking about hobby hotspots or just places to go? As far as places to go, there's mostly the casinos and a few clubs (including some L/G/Bi-Friendly Clubs) in the area. As far as eating establishments, that all depends on what you're in the mood for.
If you want fine dining, there's Mary Mahoney's and Vrazels in Biloxi. Something more homestyle, I'd suggest Aunt Jenny's Catfish Cabin in Ocean Springs or The Shed if you're in the mood for good BBQ.
Hope you do make a visit, as you're on my "to do" list.